Deutsche Bank AG Cuts Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Deutsche Bank AG lowered its holdings in Chewy, Inc. (NYSE:CHWY) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,707 shares of the company’s stock after selling 104,741 shares during the period. Deutsche Bank AG owned approximately 0.09% of Chewy worth $12,080,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Chewy in the 4th quarter valued at about $133,000. Durable Capital Partners LP acquired a new stake in shares of Chewy during the fourth quarter worth approximately $79,050,000. Banque Transatlantique SA acquired a new stake in shares of Chewy during the fourth quarter worth approximately $30,000. Ameriprise Financial Inc. lifted its stake in Chewy by 311.9% in the fourth quarter. Ameriprise Financial Inc. now owns 226,177 shares of the company’s stock valued at $7,575,000 after acquiring an additional 171,273 shares during the last quarter. Finally, Algert Global LLC lifted its stake in Chewy by 76.4% in the fourth quarter. Algert Global LLC now owns 305,301 shares of the company’s stock valued at $10,225,000 after acquiring an additional 132,225 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Buying and Selling

In other Chewy news, CFO David Reeder sold 7,863 shares of Chewy stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $36.50, for a total transaction of $286,999.50. Following the completion of the sale, the chief financial officer now owns 11,582 shares of the company’s stock, valued at approximately $422,743. The trade was a 40.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumit Singh sold 8,552 shares of Chewy stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $33.35, for a total value of $285,209.20. Following the sale, the chief executive officer now directly owns 62,096 shares of the company’s stock, valued at approximately $2,070,901.60. This represents a 12.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 307,411 shares of company stock worth $11,928,229 in the last ninety days. 2.10% of the stock is owned by insiders.

Chewy Stock Up 1.1%

NYSE CHWY opened at $41.46 on Friday. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.69. The business has a 50-day moving average price of $34.90 and a 200-day moving average price of $34.72. Chewy, Inc. has a twelve month low of $15.78 and a twelve month high of $41.71.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.25. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.20 billion. Chewy had a return on equity of 24.47% and a net margin of 3.51%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Research analysts expect that Chewy, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $42.00 price target on shares of Chewy in a research report on Thursday, March 27th. Guggenheim set a $42.00 price target on shares of Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their price target on shares of Chewy from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft set a $27.00 target price on shares of Chewy and gave the company a “hold” rating in a research note on Monday, April 14th. Finally, Seaport Res Ptn upgraded shares of Chewy to a “hold” rating in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.47.

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.