Chewy $CHWY Shares Sold by BC Partners PE LP

BC Partners PE LP decreased its holdings in shares of Chewy (NYSE:CHWY) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,758,440 shares of the company’s stock after selling 29,940,171 shares during the period. Chewy comprises approximately 81.9% of BC Partners PE LP’s investment portfolio, making the stock its largest holding. BC Partners PE LP owned approximately 0.46% of Chewy worth $8,087,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in Chewy by 88.1% during the second quarter. Geode Capital Management LLC now owns 4,076,911 shares of the company’s stock valued at $174,097,000 after purchasing an additional 1,909,457 shares in the last quarter. Invesco Ltd. raised its position in shares of Chewy by 34.7% during the 2nd quarter. Invesco Ltd. now owns 7,187,518 shares of the company’s stock worth $306,332,000 after purchasing an additional 1,852,531 shares during the last quarter. Marshall Wace LLP lifted its stake in Chewy by 105.8% in the 2nd quarter. Marshall Wace LLP now owns 3,285,619 shares of the company’s stock valued at $140,033,000 after buying an additional 1,689,064 shares in the last quarter. AQR Capital Management LLC lifted its stake in Chewy by 3,005.1% in the 1st quarter. AQR Capital Management LLC now owns 1,398,580 shares of the company’s stock valued at $44,041,000 after buying an additional 1,353,539 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Chewy by 224.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,892,344 shares of the company’s stock worth $79,214,000 after buying an additional 1,308,343 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Price Performance

Shares of NYSE CHWY opened at $33.50 on Monday. The company has a market capitalization of $13.90 billion, a P/E ratio of 95.71, a P/E/G ratio of 8.18 and a beta of 1.58. The company has a 50 day simple moving average of $35.45 and a 200-day simple moving average of $38.54. Chewy has a 1 year low of $29.83 and a 1 year high of $48.62.

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

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 8,872 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.53, for a total transaction of $297,478.16. Following the completion of the sale, the chief technology officer directly owned 229,702 shares of the company’s stock, valued at approximately $7,701,908.06. This trade represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 40,789 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total transaction of $1,375,812.97. Following the completion of the sale, the chief executive officer owned 623,185 shares in the company, valued at approximately $21,020,030.05. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 83,985 shares of company stock worth $2,802,809. 0.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, September 11th. UBS Group reduced their price objective on Chewy from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday. TD Cowen lowered their target price on shares of Chewy from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Seaport Res Ptn raised shares of Chewy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Chewy from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.17.

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.