Chewy, Inc. (NYSE:CHWY) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Chewy, Inc. (NYSE:CHWY) by 127.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,717,660 shares of the company’s stock after purchasing an additional 963,540 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.39% of Chewy worth $27,328,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Chewy by 15.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock worth $95,000 after acquiring an additional 543 shares during the period. Signaturefd LLC raised its holdings in shares of Chewy by 37.8% in the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after purchasing an additional 922 shares in the last quarter. Liberty One Investment Management LLC lifted its stake in Chewy by 23.7% during the fourth quarter. Liberty One Investment Management LLC now owns 6,483 shares of the company’s stock valued at $153,000 after purchasing an additional 1,241 shares during the last quarter. Camelot Portfolios LLC boosted its holdings in Chewy by 14.0% during the first quarter. Camelot Portfolios LLC now owns 10,200 shares of the company’s stock worth $162,000 after buying an additional 1,249 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Chewy by 4.6% in the fourth quarter. Vontobel Holding Ltd. now owns 29,178 shares of the company’s stock worth $689,000 after buying an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $28.49, for a total value of $499,999,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chewy news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $28.49, for a total value of $499,999,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Satish Mehta sold 8,019 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the sale, the chief technology officer now directly owns 569,594 shares of the company’s stock, valued at $8,612,261.28. The disclosure for this sale can be found here. In the last three months, insiders sold 18,942,371 shares of company stock valued at $541,393,732. Company insiders own 2.10% of the company’s stock.

Chewy Stock Down 1.5 %

Shares of CHWY traded down $0.39 during mid-day trading on Friday, hitting $25.51. 3,397,374 shares of the company’s stock were exchanged, compared to its average volume of 16,958,422. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The firm has a fifty day moving average of $22.83 and a two-hundred day moving average of $19.25. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 141.72, a P/E/G ratio of 3.82 and a beta of 1.03.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Chewy had a return on equity of 16.62% and a net margin of 0.73%. On average, equities analysts predict that Chewy, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Guggenheim increased their price objective on Chewy from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Wedbush increased their price target on Chewy from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. boosted their price objective on Chewy from $22.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. UBS Group raised their target price on shares of Chewy from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, Evercore ISI boosted their price target on shares of Chewy from $19.00 to $22.00 and gave the company an “in-line” rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.07.

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.