Tokio Marine Asset Management Co. Ltd. Sells 1,900 Shares of Chewy, Inc. (NYSE:CHWY)

Tokio Marine Asset Management Co. Ltd. reduced its holdings in Chewy, Inc. (NYSE:CHWY) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,300 shares of the company’s stock after selling 1,900 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Chewy were worth $272,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHWY. 1620 Investment Advisors Inc. bought a new position in Chewy during the second quarter worth $33,000. Blue Trust Inc. increased its holdings in shares of Chewy by 183.6% during the 3rd quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock worth $38,000 after purchasing an additional 905 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in shares of Chewy during the second quarter valued at about $44,000. First Horizon Advisors Inc. acquired a new stake in Chewy during the second quarter worth about $48,000. Finally, Skylands Capital LLC bought a new position in Chewy during the second quarter valued at about $52,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Chewy Price Performance

CHWY opened at $31.71 on Friday. The firm has a 50 day simple moving average of $29.46 and a 200 day simple moving average of $25.41. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 38.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.06.

Chewy (NYSE:CHWY) last posted 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 company 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%. As a group, analysts expect that Chewy, Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

CHWY has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and set a $35.00 price objective on shares of Chewy in a report on Thursday, August 29th. TD Cowen started coverage on shares of Chewy in a research note on Wednesday, October 9th. They set a “buy” rating and a $38.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective on shares of Chewy in a research note on Friday, September 20th. Royal Bank of Canada boosted their price target on Chewy from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. increased their price objective on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.15.

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.