Andar Capital Management HK Ltd Purchases Shares of 130,000 Chewy, Inc. (NYSE:CHWY)

Andar Capital Management HK Ltd purchased a new stake in Chewy, Inc. (NYSE:CHWY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 130,000 shares of the company’s stock, valued at approximately $3,072,000. Chewy comprises about 4.3% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. CenterBook Partners LP bought a new stake in shares of Chewy in the 3rd quarter worth about $573,000. Rafferty Asset Management LLC increased its holdings in shares of Chewy by 29.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 19,677 shares of the company’s stock worth $359,000 after buying an additional 4,524 shares during the last quarter. Platinum Investment Management Ltd. bought a new stake in shares of Chewy in the 3rd quarter worth about $1,230,000. Victory Capital Management Inc. increased its holdings in shares of Chewy by 364.2% in the 3rd quarter. Victory Capital Management Inc. now owns 57,662 shares of the company’s stock worth $1,053,000 after buying an additional 45,240 shares during the last quarter. Finally, Marathon Trading Investment Management LLC purchased a new position in shares of Chewy during the 3rd quarter worth about $1,076,000. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Up 2.3 %

Shares of Chewy stock traded up $0.35 on Wednesday, reaching $15.34. 4,976,216 shares of the stock were exchanged, compared to its average volume of 8,861,063. The business has a 50 day moving average price of $16.65 and a two-hundred day moving average price of $18.56. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 186.65, a PEG ratio of 8.21 and a beta of 0.90. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.78.

Chewy (NYSE:CHWY) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. Chewy had a net margin of 0.33% and a return on equity of 11.69%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.79 billion. Research analysts forecast that Chewy, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, CTO Satish Mehta sold 40,523 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total value of $717,257.10. Following the transaction, the chief technology officer now owns 557,058 shares in the company, valued at approximately $9,859,926.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other Chewy news, CTO Satish Mehta sold 40,523 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total value of $717,257.10. Following the sale, the chief technology officer now owns 557,058 shares in the company, valued at approximately $9,859,926.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Stacy Bowman sold 8,025 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $124,628.25. Following the completion of the sale, the chief accounting officer now owns 243,769 shares in the company, valued at approximately $3,785,732.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,169 shares of company stock worth $4,396,079. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CHWY has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on shares of Chewy from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Jefferies Financial Group dropped their price target on shares of Chewy from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Mizuho began coverage on shares of Chewy in a research note on Tuesday, March 19th. They set a “neutral” rating and a $18.00 price target for the company. Bank of America lowered their price objective on shares of Chewy from $17.00 to $16.50 and set an “underperform” rating for the company in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Chewy from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

About Chewy

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.