Mitsubishi UFJ Trust & Banking Corp Has $27.33 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Chewy, Inc. (NYSE:CHWY) by 127.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,717,660 shares of the company’s stock after purchasing an additional 963,540 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chewy were worth $27,328,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC acquired a new position in Chewy during the fourth quarter valued at approximately $65,000. Future Financial Wealth Managment LLC bought a new stake in shares of Chewy during the 1st quarter worth approximately $65,000. Signaturefd LLC raised its stake in shares of Chewy by 37.8% during the 4th quarter. Signaturefd LLC now owns 3,358 shares of the company’s stock worth $79,000 after purchasing an additional 922 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Chewy by 15.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,022 shares of the company’s stock valued at $95,000 after buying an additional 543 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its stake in shares of Chewy by 23.7% in the fourth quarter. Liberty One Investment Management LLC now owns 6,483 shares of the company’s stock valued at $153,000 after buying an additional 1,241 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHWY. Guggenheim upped their price target on shares of Chewy from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Piper Sandler upped their target price on shares of Chewy from $16.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Wedbush lifted their price target on Chewy from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. UBS Group upped their price objective on Chewy from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley raised their price objective on Chewy from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chewy has an average rating of “Moderate Buy” and an average target price of $27.07.

Insiders Place Their Bets

In other news, CTO Satish Mehta sold 8,019 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the transaction, the chief technology officer now directly owns 569,594 shares in the company, valued at approximately $8,612,261.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 8,019 shares of Chewy stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $15.12, for a total value of $121,247.28. Following the completion of the transaction, the chief technology officer now owns 569,594 shares in the company, valued at approximately $8,612,261.28. The disclosure for this sale can be found here. Insiders have sold 18,942,371 shares of company stock worth $541,393,732 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Chewy Price Performance

NYSE:CHWY traded down $0.39 during trading hours on Friday, reaching $25.51. 3,397,374 shares of the company were exchanged, compared to its average volume of 16,958,422. The business has a 50 day moving average of $22.83 and a 200 day moving average of $19.25. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The company has a market capitalization of $11.09 billion, a P/E ratio of 141.72, a P/E/G ratio of 3.82 and a beta of 1.03.

Chewy (NYSE:CHWY) last released its earnings results on Wednesday, May 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. Chewy had a return on equity of 16.62% and a net margin of 0.73%. The company had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.85 billion. As a group, equities research analysts anticipate that Chewy, Inc. will post 0.23 earnings per share for the current fiscal year.

Chewy 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.