Chewy, Inc. (NYSE:CHWY) Shares Bought by Alhambra Investment Management LLC

Alhambra Investment Management LLC raised its holdings in Chewy, Inc. (NYSE:CHWY) by 62.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,886 shares of the company’s stock after purchasing an additional 6,089 shares during the quarter. Alhambra Investment Management LLC’s holdings in Chewy were worth $532,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after buying an additional 905 shares during the last quarter. Planning Capital Management Corp purchased a new position in shares of Chewy during the 3rd quarter worth approximately $52,000. Future Financial Wealth Managment LLC acquired a new stake in Chewy in the 3rd quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB purchased a new stake in Chewy in the third quarter valued at approximately $63,000. Finally, Castleview Partners LLC acquired a new stake in shares of Chewy in the third quarter valued at $76,000. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chewy news, CTO Satish Mehta sold 8,056 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.47, for a total value of $269,634.32. Following the completion of the sale, the chief technology officer now owns 585,962 shares of the company’s stock, valued at approximately $19,612,148.14. This trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 19,827,242 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $31.32, for a total transaction of $620,989,219.44. The disclosure for this sale can be found here. Insiders sold a total of 28,086,041 shares of company stock valued at $915,797,988 over the last three months. 2.10% of the stock is currently owned by company insiders.

Chewy Price Performance

CHWY stock opened at $36.99 on Friday. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.06 and a beta of 1.10. The company has a fifty day moving average price of $33.85 and a 200 day moving average price of $29.51. 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, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. As a group, analysts anticipate that Chewy, Inc. will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CHWY. Evercore ISI raised shares of Chewy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research note on Monday, January 13th. BNP Paribas downgraded shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Wedbush reissued an “outperform” rating and set a $39.00 target price (up from $35.00) on shares of Chewy in a research note on Thursday, December 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Finally, UBS Group boosted their price objective on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.80.

About Chewy

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.