Satish Mehta Sells 168,105 Shares of Chewy, Inc. (NYSE:CHWY) Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 168,105 shares of Chewy stock in a transaction on Monday, January 13th. The stock was sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the transaction, the chief technology officer now directly owns 417,857 shares in the company, valued at approximately $15,176,566.24. This represents a 28.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Satish Mehta also recently made the following trade(s):

• On Monday, December 2nd, Satish Mehta sold 8,056 shares of Chewy stock. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32.

Chewy Price Performance

Chewy stock traded up $1.34 during midday trading on Wednesday, hitting $37.38. The company’s stock had a trading volume of 5,855,071 shares, compared to its average volume of 6,700,499. The company has a 50-day moving average price of $33.56 and a two-hundred day moving average price of $29.40. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 4.28 and a beta of 1.10.

Chewy (NYSE:CHWY) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Institutional Trading of Chewy

Several large investors have recently modified their holdings of CHWY. BC Partners Advisors L.P. acquired a new position in Chewy during the second quarter valued at approximately $7,517,800,000. FMR LLC lifted its position in shares of Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after buying an additional 2,497,689 shares during the last quarter. Marshall Wace LLP boosted its stake in Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in Chewy by 5.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock worth $81,014,000 after acquiring an additional 138,768 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Chewy by 8.7% in the second quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock worth $68,693,000 after acquiring an additional 200,900 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group upped their price target on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen initiated coverage on shares of Chewy in a report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.