Greenland Capital Management LP Has $2.62 Million Stock Position in Chewy $CHWY

Greenland Capital Management LP cut its holdings in shares of Chewy (NYSE:CHWY) by 50.2% in the third quarter, Holdings Channel reports. The institutional investor owned 64,644 shares of the company’s stock after selling 65,145 shares during the quarter. Greenland Capital Management LP’s holdings in Chewy were worth $2,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Chewy by 2.5% in the 1st quarter. Royal Bank of Canada now owns 220,509 shares of the company’s stock valued at $7,168,000 after purchasing an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Chewy during the first quarter valued at about $510,000. NewEdge Advisors LLC raised its holdings in Chewy by 5,238.3% in the 1st quarter. NewEdge Advisors LLC now owns 32,510 shares of the company’s stock valued at $1,057,000 after acquiring an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Chewy by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company’s stock valued at $38,236,000 after acquiring an additional 17,788 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Chewy by 31.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company’s stock worth $12,483,000 after acquiring an additional 92,129 shares during the period. 93.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHWY. TD Cowen restated a “buy” rating on shares of Chewy in a research report on Thursday, December 4th. The Goldman Sachs Group lifted their price target on shares of Chewy from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Barclays increased their price objective on shares of Chewy from $47.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Wedbush set a $42.00 target price on shares of Chewy and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Finally, Citigroup reissued a “market outperform” rating on shares of Chewy in a research note on Monday, November 24th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

Insider Activity at Chewy

In other news, CEO Sumit Singh sold 40,789 shares of Chewy stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $33.73, for a total value of $1,375,812.97. Following the completion of the sale, the chief executive officer directly owned 623,185 shares of the company’s stock, valued at approximately $21,020,030.05. This trade represents a 6.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Satish Mehta sold 13,013 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the transaction, the chief technology officer directly owned 273,835 shares in the company, valued at $7,938,476.65. This trade represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,369 shares of company stock valued at $2,276,360 in the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Chewy Stock Down 6.4%

Shares of NYSE CHWY opened at $24.77 on Tuesday. Chewy has a 12-month low of $23.06 and a 12-month high of $48.62. The firm’s 50-day simple moving average is $30.31 and its 200 day simple moving average is $34.52. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 1.78 and a beta of 1.59.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 10th. The company reported $0.32 earnings per share for the quarter, topping 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 company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s 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, equities analysts expect that Chewy will post 0.24 earnings per share for the current year.

Chewy Company Profile

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.