Mirae Asset Global Investments Co. Ltd. Has $14.78 Million Stock Position in Chewy $CHWY

Mirae Asset Global Investments Co. Ltd. decreased its stake in Chewy (NYSE:CHWY) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,859 shares of the company’s stock after selling 1,582 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Chewy worth $14,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CHWY. GAMMA Investing LLC grew its stake in shares of Chewy by 13,804.8% in the first quarter. GAMMA Investing LLC now owns 96,360 shares of the company’s stock worth $2,964,000 after acquiring an additional 95,667 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Chewy by 150.2% in the first quarter. Parallel Advisors LLC now owns 788 shares of the company’s stock worth $26,000 after acquiring an additional 473 shares during the last quarter. Rhumbline Advisers lifted its position in Chewy by 10.1% in the first quarter. Rhumbline Advisers now owns 280,851 shares of the company’s stock worth $9,130,000 after purchasing an additional 25,755 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Chewy by 23.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,578 shares of the company’s stock worth $246,000 after purchasing an additional 1,431 shares during the period. Finally, UMB Bank n.a. lifted its position in Chewy by 225.7% in the first quarter. UMB Bank n.a. now owns 1,866 shares of the company’s stock worth $61,000 after purchasing an additional 1,293 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Stock Performance

Shares of NYSE CHWY opened at $37.55 on Friday. The stock has a market cap of $15.58 billion, a PE ratio of 107.30, a PEG ratio of 9.32 and a beta of 1.62. The business has a fifty day moving average of $38.54 and a two-hundred day moving average of $38.79. Chewy has a 52-week low of $26.28 and a 52-week high of $48.62.

Chewy (NYSE:CHWY) last issued its quarterly earnings data on Wednesday, September 10th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Chewy had a net margin of 1.22% and a return on equity of 50.45%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. Chewy has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.280-0.330 EPS. Analysts predict that Chewy will post 0.24 earnings per share for the current year.

Insider Activity at Chewy

In related news, CTO Satish Mehta sold 8,727 shares of Chewy stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.82, for a total value of $312,601.14. Following the completion of the transaction, the chief technology officer directly owned 276,467 shares of the company’s stock, valued at $9,903,047.94. The trade was a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO William G. Billings sold 20,142 shares of Chewy stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $35.57, for a total value of $716,450.94. Following the completion of the transaction, the chief accounting officer directly owned 29,464 shares of the company’s stock, valued at $1,048,034.48. This represents a 40.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,657 shares of company stock valued at $2,444,311 over the last ninety days. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen reduced their target price on Chewy from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised Chewy from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, September 11th. Barclays reduced their target price on Chewy from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $48.00 target price on shares of Chewy in a research report on Thursday, September 11th. Finally, Morgan Stanley reduced their target price on Chewy from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.84.

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.