Holocene Advisors LP Cuts Position in Chewy $CHWY

Holocene Advisors LP decreased its stake in Chewy (NYSE:CHWY) by 35.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,939,051 shares of the company’s stock after selling 3,810,056 shares during the period. Chewy makes up 0.7% of Holocene Advisors LP’s investment portfolio, making the stock its 28th largest holding. Holocene Advisors LP owned 1.67% of Chewy worth $295,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BC Partners PE LP purchased a new position in Chewy in the first quarter valued at about $7,142,402,000. AQR Capital Management LLC grew its holdings in shares of Chewy by 231.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,631,343 shares of the company’s stock worth $196,323,000 after acquiring an additional 3,232,763 shares during the period. State Street Corp grew its holdings in shares of Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after acquiring an additional 2,654,496 shares during the period. Geode Capital Management LLC increased its stake in Chewy by 88.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,076,911 shares of the company’s stock valued at $174,097,000 after purchasing an additional 1,909,457 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Chewy by 34.7% during the second quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after purchasing an additional 1,852,531 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other news, CTO Satish Mehta sold 8,872 shares of Chewy stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total value of $297,478.16. Following the completion of the sale, the chief technology officer owned 229,702 shares of the company’s stock, valued at $7,701,908.06. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William G. Billings sold 1,121 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $32.72, for a total value of $36,679.12. Following the transaction, the chief accounting officer owned 31,045 shares in the company, valued at $1,015,792.40. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 83,985 shares of company stock worth $2,802,809. Insiders own 0.43% of the company’s stock.

Chewy Trading Down 4.2%

NYSE:CHWY opened at $32.75 on Friday. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 68.23, a price-to-earnings-growth ratio of 8.67 and a beta of 1.58. The company’s 50-day moving average is $34.95 and its two-hundred day moving average is $38.28. Chewy has a 12-month low of $29.83 and a 12-month high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Chewy had a return on equity of 56.78% and a net margin of 1.64%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, equities research analysts forecast that Chewy will post 0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen lowered Chewy from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Mizuho reissued an “outperform” rating and issued a $50.00 price objective on shares of Chewy in a research note on Tuesday, November 4th. Moffett Nathanson upgraded shares of Chewy from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, September 25th. Wedbush set a $42.00 target price on shares of Chewy and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cowen reiterated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.72.

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.