Militia Capital Management LLC purchased a new stake in Chewy (NYSE:CHWY – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,664 shares of the company’s stock, valued at approximately $828,000.
A number of other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of Chewy by 295.9% in the third quarter. Wellington Management Group LLP now owns 17,622,768 shares of the company’s stock worth $712,841,000 after buying an additional 13,171,325 shares in the last quarter. Viking Global Investors LP boosted its stake in Chewy by 146.9% during the fourth quarter. Viking Global Investors LP now owns 13,536,645 shares of the company’s stock valued at $447,386,000 after buying an additional 8,052,955 shares during the period. AQR Capital Management LLC grew its position in Chewy by 120.2% during the third quarter. AQR Capital Management LLC now owns 10,196,146 shares of the company’s stock worth $407,948,000 after buying an additional 5,564,803 shares in the last quarter. Norges Bank purchased a new position in Chewy during the fourth quarter worth about $154,647,000. Finally, State Street Corp increased its stake in Chewy by 75.5% in the 2nd quarter. State Street Corp now owns 6,170,197 shares of the company’s stock worth $262,974,000 after acquiring an additional 2,654,496 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Chewy
In related news, General Counsel Da-Wai Hu sold 4,203 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the transaction, the general counsel directly owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This trade represents a 50.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sumit Singh sold 83,306 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $25.60, for a total value of $2,132,633.60. Following the completion of the sale, the chief executive officer owned 874,061 shares of the company’s stock, valued at $22,375,961.60. The trade was a 8.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 91,729 shares of company stock worth $2,322,582. 0.34% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Chewy
Chewy Stock Down 5.0%
Shares of CHWY stock opened at $20.44 on Friday. The business has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $24.68. Chewy has a 12-month low of $17.40 and a 12-month high of $43.50. The firm has a market cap of $8.37 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.
About Chewy
Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
Recommended Stories
- Five stocks we like better than Chewy
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Receive News & Ratings for Chewy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chewy and related companies with MarketBeat.com's FREE daily email newsletter.
