B. Riley Wealth Advisors Inc. Sells 39,321 Shares of Chewy, Inc. (NYSE:CHWY)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 79.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,036 shares of the company’s stock after selling 39,321 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Chewy were worth $293,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CHWY. BC Partners Advisors L.P. bought a new stake in Chewy during the second quarter valued at approximately $7,517,800,000. Marshall Wace LLP grew its position in Chewy by 1,028.6% during the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares during the period. FMR LLC grew its position in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after buying an additional 2,497,689 shares during the period. Fiera Capital Corp bought a new stake in Chewy during the second quarter valued at approximately $44,373,000. Finally, Clearbridge Investments LLC bought a new stake in Chewy during the second quarter valued at approximately $40,798,000. 93.09% of the stock is currently owned by institutional investors.

Chewy Stock Performance

Shares of CHWY opened at $33.72 on Friday. The company’s fifty day moving average is $31.10 and its 200 day moving average is $28.13. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10. The stock has a market capitalization of $13.77 billion, a PE ratio of 37.05, a P/E/G ratio of 4.28 and a beta of 1.12.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.15. Chewy had a net margin of 3.51% and a return on equity of 24.47%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Chewy’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, research analysts forecast that Chewy, Inc. will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Satish Mehta sold 8,056 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.47, for a total transaction of $269,634.32. Following the transaction, the chief technology officer now owns 585,962 shares in the company, valued at $19,612,148.14. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,956,046 shares of company stock worth $1,448,008,845. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CHWY. Robert W. Baird boosted their target price on shares of Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chewy from $24.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Morgan Stanley lifted their price target on shares of Chewy from $33.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Citigroup raised shares of Chewy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $28.00 to $40.00 in a report on Friday, November 8th. Finally, Barclays lifted their price target on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.60.

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.