Chewy, Inc. (NYSE:CHWY) Position Increased by Skandinaviska Enskilda Banken AB publ

Posted by Defense World Staff on Feb 25th, 2023

Skandinaviska Enskilda Banken AB publ raised its stake in Chewy, Inc. (NYSE:CHWY – Get Rating) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,328 shares of the company’s stock after buying an additional 1,503 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Chewy were worth $502,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Korea Investment CORP increased its position in shares of Chewy by 167.2% in the second quarter. Korea Investment CORP now owns 63,600 shares of the company’s stock worth $2,208,000 after acquiring an additional 39,800 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Chewy during the 2nd quarter valued at $5,432,000. Money Concepts Capital Corp lifted its holdings in shares of Chewy by 253.4% in the third quarter. Money Concepts Capital Corp now owns 7,662 shares of the company’s stock valued at $235,000 after purchasing an additional 5,494 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Chewy in the second quarter worth $2,609,000. Finally, Westpac Banking Corp grew its holdings in shares of Chewy by 480.3% during the third quarter. Westpac Banking Corp now owns 11,751 shares of the company’s stock valued at $361,000 after buying an additional 9,726 shares in the last quarter. Institutional investors and hedge funds own 99.05% of the company’s stock.

Chewy Stock Down 0.5 %

Shares of Chewy stock opened at $39.56 on Friday. Chewy, Inc. has a 12-month low of $22.22 and a 12-month high of $52.88. The stock has a 50 day moving average price of $42.37 and a two-hundred day moving average price of $39.92. The stock has a market capitalization of $16.75 billion, a P/E ratio of -791.04, a PEG ratio of 16.35 and a beta of 0.77.

Chewy (NYSE:CHWY – Get Rating) last posted its quarterly earnings data on Thursday, December 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. Chewy had a negative net margin of 0.21% and a negative return on equity of 23.10%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.45 billion. Sell-side analysts anticipate that Chewy, Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CHWY shares. Wedbush raised Chewy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $35.00 to $55.00 in a research note on Friday, January 27th. Evercore ISI raised their price target on shares of Chewy to $55.00 in a report on Monday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chewy from $40.00 to $50.00 in a research report on Monday, November 21st. Moffett Nathanson began coverage on shares of Chewy in a research report on Tuesday, November 15th. They issued a “market perform” rating and a $33.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of Chewy from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 18th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.20.

Insider Buying and Selling at Chewy

In other news, General Counsel Susan Helfrick sold 16,947 shares of Chewy stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $45.00, for a total value of $762,615.00. Following the completion of the transaction, the general counsel now owns 56,270 shares in the company, valued at $2,532,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Susan Helfrick sold 16,947 shares of the stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $45.00, for a total transaction of $762,615.00. Following the sale, the general counsel now owns 56,270 shares in the company, valued at $2,532,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mario Jesus Marte sold 39,289 shares of Chewy stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $43.81, for a total value of $1,721,251.09. Following the completion of the transaction, the chief financial officer now directly owns 207,008 shares of the company’s stock, valued at $9,069,020.48. The disclosure for this sale can be found here. Insiders have sold a total of 236,958 shares of company stock worth $10,171,541 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Chewy Company Profile

(Get Rating)

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.