Maven Securities LTD acquired a new stake in Chewy Inc (NYSE:CHWY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,000 shares of the company’s stock, valued at approximately $1,524,000.
Several other institutional investors have also made changes to their positions in CHWY. Baillie Gifford & Co. purchased a new stake in shares of Chewy during the second quarter worth about $116,574,000. CenterStar Asset Management LLC purchased a new stake in Chewy during the 2nd quarter valued at approximately $153,000. Creative Planning purchased a new stake in Chewy during the 2nd quarter valued at approximately $415,000. Athanor Capital LP bought a new stake in shares of Chewy during the second quarter valued at approximately $1,138,000. Finally, Bell Rock Capital LLC bought a new stake in shares of Chewy during the second quarter valued at approximately $74,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
In related news, CEO Sumit Singh acquired 11,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $242,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 47,875,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $20.90, for a total value of $1,000,587,500.00. The disclosure for this sale can be found here. Insiders have acquired 152,500 shares of company stock valued at $3,355,000 in the last quarter.
A number of equities analysts recently weighed in on CHWY shares. Barclays started coverage on shares of Chewy in a research report on Tuesday, July 9th. They set an “equal weight” rating and a $32.00 target price for the company. Bank of America began coverage on shares of Chewy in a research note on Tuesday, July 9th. They set a “buy” rating and a $40.00 target price for the company. Raymond James reiterated a “hold” rating on shares of Chewy in a report on Friday, July 19th. Morgan Stanley boosted their price target on shares of Chewy from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research raised shares of Chewy from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Tuesday, August 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Chewy currently has an average rating of “Hold” and a consensus price target of $36.73.
Shares of CHWY traded down $0.18 during mid-day trading on Wednesday, hitting $30.26. 70,705 shares of the stock were exchanged, compared to its average volume of 1,459,871. Chewy Inc has a 52-week low of $29.03 and a 52-week high of $41.34. The stock has a 50-day simple moving average of $32.35.
Chewy (NYSE:CHWY) last posted its earnings results on Thursday, July 18th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted ($0.15) earnings per share. The business’s quarterly revenue was up 45.2% compared to the same quarter last year. As a group, analysts expect that Chewy Inc will post -0.37 earnings per share for the current year.
Chewy Company Profile
Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.
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