Insider Selling: Chewy, Inc. (NYSE:CHWY) Major Shareholder Sells $40,576,103.84 in Stock (2024)

Posted by ABMN Staff on Jul 5th, 2024

Insider Selling: Chewy, Inc. (NYSE:CHWY) Major Shareholder Sells $40,576,103.84 in Stock (1)Chewy, Inc. (NYSE:CHWYGet Free Report) 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 this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Argos Holdings Gp Llc also recently made the following trade(s):

  • On Wednesday, June 26th, Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock. The stock was sold at an average price of $28.49, for a total value of $499,999,500.00.

Chewy Trading Down 3.1 %

Shares of NYSE CHWY opened at $24.10 on Friday. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $39.46. The stock has a 50 day moving average of $20.39 and a 200-day moving average of $19.07. The company has a market capitalization of $10.48 billion, a P/E ratio of 133.89, a P/E/G ratio of 3.78 and a beta of 1.03.

Chewy (NYSE:CHWYGet Free Report) last issued its earnings results on Wednesday, May 29th. The company reported $0.15 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 during the quarter, compared to the consensus estimate of $2.85 billion. Analysts predict that Chewy, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHWY. Raymond James raised their price target on Chewy from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Guggenheim increased their price objective on Chewy from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, June 28th. JMP Securities reiterated a “market outperform” rating and set a $28.00 price objective on shares of Chewy in a report on Friday, March 15th. Wedbush increased their price objective on Chewy from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Citigroup decreased their price objective on Chewy from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Get Our Latest Research Report on CHWY

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CHWY. Headinvest LLC bought a new position in shares of Chewy during the 3rd quarter worth approximately $39,000. Quest Partners LLC acquired a new stake in Chewy during the 4th quarter worth approximately $65,000. Future Financial Wealth Managment LLC acquired a new stake in Chewy during the 1st quarter worth approximately $65,000. EntryPoint Capital LLC lifted its holdings in Chewy by 18.0% during the 1st quarter. EntryPoint Capital LLC now owns 4,066 shares of the company’s stock worth $65,000 after purchasing an additional 619 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in 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 during the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Company Profile

(Get Free Report)

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.

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Insider Selling: Chewy, Inc. (NYSE:CHWY) Major Shareholder Sells $40,576,103.84 in Stock (2)

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Insider Selling: Chewy, Inc. (NYSE:CHWY) Major Shareholder Sells $40,576,103.84 in Stock (2024)
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