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 that occurred on Monday, January 13th. The shares were sold at an average price of $36.32, for a total transaction of $6,105,573.60. Following the sale, the chief technology officer now directly owns 417,857 shares in the company, valued at approximately $15,176,566.24. The trade was a 28.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $269,634.32.

Chewy Trading Down 0.4 %

Shares of CHWY stock opened at $37.25 on Friday. The firm has a fifty day moving average price of $33.72 and a 200 day moving average price of $29.46. The company has a market cap of $15.17 billion, a P/E ratio of 40.93, a PEG ratio of 4.06 and a beta of 1.10. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.10.

Chewy (NYSE:CHWY) last issued its earnings results on Wednesday, December 4th. The company reported $0.20 EPS for the quarter, topping 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Chewy, Inc. will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Chewy

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Chewy by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company’s stock valued at $661,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. boosted its stake in Chewy by 183.6% in the third quarter. Blue Trust Inc. now owns 1,398 shares of the company’s stock valued at $38,000 after acquiring an additional 905 shares in the last quarter. Washington Trust Advisors Inc. boosted its stake in Chewy by 0.3% in the third quarter. Washington Trust Advisors Inc. now owns 278,452 shares of the company’s stock valued at $8,156,000 after acquiring an additional 923 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Chewy by 10.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after acquiring an additional 1,029 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Chewy by 5.0% in the third quarter. D.A. Davidson & CO. now owns 26,219 shares of the company’s stock valued at $768,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CHWY shares. Morgan Stanley boosted their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen started coverage on Chewy in a research report on Wednesday, October 9th. They issued a “buy” rating and a $38.00 target price on the stock. UBS Group boosted their target price on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chewy has an average rating of “Moderate Buy” and a consensus price target of $36.80.

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.