Blueshift Asset Management LLC Has $928,000 Holdings in Chewy, Inc. (NYSE:CHWY)

Blueshift Asset Management LLC boosted its holdings in Chewy, Inc. (NYSE:CHWY) by 71.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,678 shares of the company’s stock after acquiring an additional 13,198 shares during the quarter. Blueshift Asset Management LLC’s holdings in Chewy were worth $928,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. bought a new position in shares of Chewy in the second quarter valued at approximately $33,000. Blue Trust Inc. grew its stake in shares of Chewy by 183.6% in the 3rd 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. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Chewy in the second quarter valued at about $44,000. First Horizon Advisors Inc. bought a new position in shares of Chewy during the second quarter valued at about $48,000. Finally, Planning Capital Management Corp purchased a new position in Chewy during the third quarter worth about $52,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CHWY shares. TD Cowen assumed coverage on Chewy in a research note on Wednesday, October 9th. They issued a “buy” rating and a $38.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Chewy in a research report on Thursday, August 29th. Raymond James cut Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, November 22nd. Finally, UBS Group lifted their price objective on shares of Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.35.

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Chewy Stock Down 1.6 %

NYSE:CHWY opened at $34.05 on Wednesday. The business’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $26.39. The stock has a market cap of $14.24 billion, a P/E ratio of 41.52, a PEG ratio of 3.34 and a beta of 1.06. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10.

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