Russell Investments Group Ltd. Sells 8,043 Shares of Chewy, Inc. (NYSE:CHWY)

Russell Investments Group Ltd. cut its holdings in Chewy, Inc. (NYSE:CHWY – Get Rating) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,745 shares of the company’s stock after selling 8,043 shares during the period. Russell Investments Group Ltd.’s holdings in Chewy were worth $2,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CHWY. CWM LLC boosted its holdings in Chewy by 39.3% in the 4th quarter. CWM LLC now owns 1,014 shares of the company’s stock worth $38,000 after buying an additional 286 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Chewy during the 4th quarter valued at $52,000. Parallel Advisors LLC grew its position in shares of Chewy by 443.1% during the 4th quarter. Parallel Advisors LLC now owns 1,412 shares of the company’s stock valued at $52,000 after purchasing an additional 1,152 shares in the last quarter. Exos TFP Holdings LLC purchased a new position in shares of Chewy during the 3rd quarter valued at $78,000. Finally, UMB Bank n.a. grew its position in shares of Chewy by 26.2% during the 4th quarter. UMB Bank n.a. now owns 2,161 shares of the company’s stock valued at $81,000 after purchasing an additional 448 shares in the last quarter. 99.05% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Sumit Singh sold 21,317 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $847,137.58. Following the completion of the transaction, the chief executive officer now directly owns 759,876 shares of the company’s stock, valued at $30,197,472.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sumit Singh sold 21,317 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $847,137.58. Following the transaction, the chief executive officer now owns 759,876 shares in the company, valued at $30,197,472.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mario Jesus Marte sold 3,813 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $39.74, for a total transaction of $151,528.62. Following the transaction, the chief financial officer now owns 190,024 shares in the company, valued at approximately $7,551,553.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,765 shares of company stock valued at $1,182,861. Insiders own 1.80% of the company’s stock.

Chewy Trading Down 6.3 %

Shares of NYSE:CHWY opened at $31.64 on Monday. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 287.66, a price-to-earnings-growth ratio of 112.60 and a beta of 0.76. The company has a 50-day moving average price of $34.65 and a 200-day moving average price of $39.17. Chewy, Inc. has a 12 month low of $22.22 and a 12 month high of $52.88.

Chewy (NYSE:CHWY – Get Rating) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.28. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.64 billion. Chewy had a net margin of 0.49% and a return on equity of 45.19%. As a group, research analysts forecast that Chewy, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CHWY. Evercore ISI reduced their price target on shares of Chewy from $55.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, March 23rd. Barclays reduced their price target on shares of Chewy from $35.00 to $33.00 in a research report on Thursday, March 23rd. Raymond James upgraded shares of Chewy from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Wednesday, May 3rd. JMP Securities began coverage on shares of Chewy in a report on Tuesday, April 11th. They set an “outperform” rating and a $50.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Chewy in a report on Thursday, March 23rd. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy has an average rating of “Moderate Buy” and an average price target of $42.77.

Chewy Company Profile

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Chewy, Inc operates as a pure-play pet e-tailer in the United States. 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.