The Manufacturers Life Insurance Company Boosts Holdings in Chewy, Inc. (NYSE:CHWY)

The Manufacturers Life Insurance Company raised its holdings in Chewy, Inc. (NYSE:CHWY) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,044 shares of the company’s stock after purchasing an additional 3,538 shares during the period. The Manufacturers Life Insurance Company’s holdings in Chewy were worth $737,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. EntryPoint Capital LLC lifted its stake in Chewy by 18.0% in the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock valued at $65,000 after buying an additional 619 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Chewy by 3.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 28,359 shares of the company’s stock valued at $451,000 after acquiring an additional 870 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after purchasing an additional 1,029 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Chewy in the 2nd quarter valued at about $33,000. Finally, Camelot Portfolios LLC lifted its holdings in Chewy by 14.0% in the 1st quarter. Camelot Portfolios LLC now owns 10,200 shares of the company’s stock valued at $162,000 after purchasing an additional 1,249 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 14,338 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Satish Mehta sold 2,894 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $64,362.56. Following the completion of the transaction, the chief technology officer now owns 573,463 shares in the company, valued at $12,753,817.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at $31,097,547.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,888,627 shares of company stock valued at $790,397,620 in the last quarter. Company insiders own 2.10% of the company’s stock.

Chewy Price Performance

NYSE:CHWY opened at $28.45 on Tuesday. The business’s 50-day moving average is $28.02 and its two-hundred day moving average is $23.30. The firm has a market capitalization of $12.37 billion, a PE ratio of 158.06, a price-to-earnings-growth ratio of 3.04 and a beta of 1.05. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, August 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a return on equity of 21.00% and a net margin of 3.20%. Equities analysts anticipate that Chewy, Inc. will post 0.32 EPS for the current year.

Analysts Set New Price Targets

CHWY has been the subject of a number of recent research reports. Argus downgraded shares of Chewy from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Barclays lifted their target price on shares of Chewy from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Wedbush reissued an “outperform” rating and set a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. Raymond James downgraded Chewy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 21st. Finally, Wolfe Research initiated coverage on Chewy in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.55.

Chewy Company 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.