Shares of the online pet food and related products retailer Chewy (NYSE:CHWY) are up about 54% since the company delivered better-than-expected Q1 financials on May 29. It delivered earnings of $0.31 per share on revenues of $2.88 billion. Wall Street expected it to post EPS of $0.04 on revenue of $2.85 billion. As the momentum in CHWY’s business has sustained despite macro headwinds, it’s the right time to see who owns Chewy stock.
Now, according to TipRanks’ ownership page, other institutional investors own 36.21% of Chewy. They are followed by mutual funds, public companies and individual investors, and insiders at 29.43%, 28.92%, and 5.44%, respectively.
Digging Deeper into Chewy’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard Index Funds owns an 8.26% stake in CHWY stock. Next up is Vanguard, which holds a 7.17% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on CHWY stock based on the activity of 10 hedge funds. Hedge funds decreased their CHWY holdings by 148.8K shares in the last quarter.
Conversely, individual investors have a Positive view of the company. In the last 30 days, the number of portfolios (tracked by TipRanks) holding Chewy stock increased by 1.6%. Overall, among the 740,749 portfolios monitored by TipRanks, 0.4% have invested in Chewy stock.
Is Chewy Stock a Buy or Sell?
Given the recent rally, CHWY stock has recovered significantly and is up about 10% year-to-date. Wall Street is cautiously optimistic about CHWY’s prospects. It has a Moderate Buy consensus rating based on 13 Buys, eight Holds, and one Sell recommendation.
The analysts’ price target on CHWY stock is $24.98, implying 3.81% downside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides CHWY ownership structure by category, enabling investors to make well-informed investing decisions.
For a thorough assessment of Adobe stock, go to TipRanks’ Stock Analysis page.
