UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 492 Shares of Chewy, Inc. (NYSE:CHWY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Chewy, Inc. (NYSE:CHWY) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,456 shares of the company’s stock after selling 492 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Chewy were worth $6,955,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CHWY. Susquehanna Fundamental Investments LLC bought a new position in shares of Chewy during the second quarter valued at $11,916,000. Cetera Advisors LLC acquired a new stake in shares of Chewy during the 1st quarter worth about $334,000. Sanctuary Advisors LLC bought a new stake in Chewy during the second quarter worth about $673,000. Eagle Asset Management Inc. grew its stake in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Chewy by 1,028.6% during the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after buying an additional 2,636,526 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the sale, the chief technology officer now directly owns 585,962 shares in the company, valued at approximately $19,612,148.14. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 26,870,748 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $29.40, for a total transaction of $789,999,991.20. The disclosure for this sale can be found here. Insiders sold 28,128,804 shares of company stock valued at $827,019,626 in the last quarter. Company insiders own 2.10% of the company’s stock.

Chewy Trading Down 2.2 %

NYSE:CHWY opened at $30.90 on Tuesday. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.95 and a beta of 1.12. The business’s 50-day moving average price is $30.49 and its two-hundred day moving average price is $27.42. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. Sell-side analysts predict that Chewy, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CHWY shares. Robert W. Baird boosted their target price on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and raised their target price for the company from $24.00 to $40.00 in a research note on Wednesday, November 20th. Barclays raised their target price on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Piper Sandler increased their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.15.

Chewy Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.