Chewy, Inc. (NYSE:CHWY) Shares Bought by Draper Asset Management LLC

Draper Asset Management LLC raised its holdings in Chewy, Inc. (NYSE:CHWY) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,263 shares of the company’s stock after purchasing an additional 2,532 shares during the period. Chewy comprises 1.0% of Draper Asset Management LLC’s holdings, making the stock its 13th largest position. Draper Asset Management LLC’s holdings in Chewy were worth $1,057,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. National Asset Management Inc. boosted its stake in shares of Chewy by 8.7% in the second quarter. National Asset Management Inc. now owns 24,973 shares of the company’s stock worth $1,991,000 after acquiring an additional 2,005 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Chewy by 9.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 79,114 shares of the company’s stock worth $6,306,000 after acquiring an additional 6,849 shares during the last quarter. First Bank & Trust acquired a new stake in shares of Chewy in the second quarter worth approximately $837,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Chewy by 29.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 14,232 shares of the company’s stock worth $1,134,000 after acquiring an additional 3,232 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Chewy by 40.5% in the second quarter. BNP Paribas Arbitrage SA now owns 49,171 shares of the company’s stock worth $3,919,000 after acquiring an additional 14,175 shares during the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

In related news, General Counsel Susan Helfrick sold 10,463 shares of the company’s stock in a transaction dated Thursday, June 24th. The stock was sold at an average price of $80.00, for a total value of $837,040.00. Following the completion of the sale, the general counsel now directly owns 41,853 shares of the company’s stock, valued at approximately $3,348,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Kevin Symancyk sold 50,000 shares of the company’s stock in a transaction dated Wednesday, June 23rd. The shares were sold at an average price of $78.64, for a total value of $3,932,000.00. Following the completion of the sale, the director now directly owns 274,675 shares of the company’s stock, valued at $21,600,442. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,316 shares of company stock valued at $8,588,130. Insiders own 0.67% of the company’s stock.

A number of equities analysts have weighed in on the company. Piper Sandler lowered their price objective on Chewy from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 2nd. Robert W. Baird lowered their price objective on Chewy from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, September 2nd. Wedbush lowered their price objective on Chewy from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, September 2nd. BNP Paribas began coverage on Chewy in a research report on Friday, July 16th. They issued an “outperform” rating and a $101.00 target price on the stock. Finally, Bank of America restated a “buy” rating and issued a $133.00 target price on shares of Chewy in a research report on Friday, June 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $97.14.

NYSE CHWY traded up $0.71 during trading hours on Wednesday, hitting $72.93. 68,176 shares of the company were exchanged, compared to its average volume of 3,405,781. The company has a 50 day moving average of $85.21 and a two-hundred day moving average of $81.35. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of 3,623.00, a PEG ratio of 51.13 and a beta of 0.09. Chewy, Inc. has a 52-week low of $51.25 and a 52-week high of $120.00.

Chewy (NYSE:CHWY) last released its quarterly earnings data on Tuesday, August 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Chewy had a return on equity of 47.79% and a net margin of 0.13%. The company’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) earnings per share. Equities analysts expect that Chewy, Inc. will post 0.07 EPS for the current fiscal year.

Chewy Profile

Chewy, Inc engages in the provision of pure-play e-commerce business. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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