Chewy, Inc. (NYSE:CHWY) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in Chewy, Inc. (NYSE:CHWY) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,100 shares of the company’s stock after acquiring an additional 31,500 shares during the quarter. Swiss National Bank’s holdings in Chewy were worth $8,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted 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 worth $451,000 after purchasing an additional 870 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after acquiring an additional 905 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock worth $8,156,000 after acquiring an additional 923 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock worth $308,000 after acquiring an additional 1,029 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Chewy in the second quarter worth about $33,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent analyst reports. UBS Group boosted their price target on Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price target on shares of Chewy in a research note on Friday, September 20th. Robert W. Baird boosted their price target on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James lowered Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Finally, Bank of America raised Chewy from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $32.35.

Chewy Price Performance

Shares of Chewy stock opened at $34.61 on Tuesday. The firm has a market cap of $14.47 billion, a P/E ratio of 42.21, a P/E/G ratio of 3.36 and a beta of 1.06. The firm has a 50 day simple moving average of $29.95 and a 200 day simple moving average of $26.26. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.86 billion. Chewy had a net margin of 3.20% and a return on equity of 21.00%. On average, sell-side analysts expect that Chewy, Inc. will post 0.32 EPS for the current year.

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.