Erste Asset Management GmbH Buys 134,056 Shares of Chewy $CHWY

Erste Asset Management GmbH raised its position in shares of Chewy (NYSE:CHWY) by 1,687.5% in the third quarter, HoldingsChannel.com reports. The firm owned 142,000 shares of the company’s stock after purchasing an additional 134,056 shares during the quarter. Erste Asset Management GmbH’s holdings in Chewy were worth $5,632,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in Chewy by 34.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,161 shares of the company’s stock valued at $49,000 after buying an additional 298 shares during the period. Park Avenue Securities LLC grew its holdings in Chewy by 4.0% during the 3rd quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock worth $316,000 after acquiring an additional 302 shares during the period. Transatlantique Private Wealth LLC raised its position in shares of Chewy by 3.0% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 10,922 shares of the company’s stock worth $442,000 after acquiring an additional 314 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Chewy by 3.2% in the 3rd quarter. Sivia Capital Partners LLC now owns 11,072 shares of the company’s stock worth $448,000 after acquiring an additional 343 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Chewy by 1.4% in the 2nd quarter. Los Angeles Capital Management LLC now owns 28,418 shares of the company’s stock valued at $1,211,000 after purchasing an additional 384 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on CHWY shares. UBS Group set a $51.00 target price on Chewy in a research note on Tuesday, January 13th. The Goldman Sachs Group increased their price target on Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Wedbush set a $42.00 price objective on shares of Chewy and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Finally, Wolfe Research set a $44.00 target price on shares of Chewy in a research report on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

Insider Activity

In other news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the sale, the chief technology officer directly owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumit Singh sold 40,789 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $33.73, for a total value of $1,375,812.97. Following the completion of the transaction, the chief executive officer owned 623,185 shares in the company, valued at $21,020,030.05. This represents a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 69,369 shares of company stock valued at $2,276,360. 0.43% of the stock is currently owned by insiders.

Chewy Stock Up 1.7%

Shares of CHWY opened at $27.43 on Friday. The business’s fifty day moving average is $29.82 and its 200 day moving average is $34.26. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62. The stock has a market cap of $11.38 billion, a P/E ratio of 57.15, a P/E/G ratio of 1.85 and a beta of 1.59.

Chewy (NYSE:CHWY) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business posted $0.20 EPS. Chewy’s quarterly revenue was up 8.1% on a year-over-year basis. Chewy has set its Q4 2025 guidance at 0.240-0.270 EPS. On average, analysts expect that Chewy will post 0.24 EPS for the current year.

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.