Truist Financial Sells 7.5% of Chewy Inc Shares in Fourth Quarter
October 21, 2022
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Chewy Inc Intrinsic Stock Value – Chewy ($NYSE:CHWY), Inc. is an online retailer of pet food and pet-related products. Truist Financial Corp is a bank holding company based in Charlotte, North Carolina.
It is not clear why Truist sold the shares, but the move may be part of a broader strategy to divest non-essential assets. Chewy stock was down 3% on the news.
Share Price
In the fourth quarter, Truist Financial sold 7.5% of Chewy Inc shares. The news of the sale was mostly positive, with the stock opening at $35.0 on Thursday and closing at $34.8. Chewy Inc is a leading online retailer of pet food and supplies, with a wide selection of products for dogs, cats, fish, birds, and other small animals. Chewy Inc also has a loyalty program for frequent shoppers.
VI Analysis – Chewy Inc Intrinsic Stock Value
Company’s fundamentals reflect its long term potential, below analysis on CHEWY INC are made simple by VI app. The fair value of CHEWY INC share is around $69.2, calculated by VI Line. Now CHEWY INC stock is traded at $34.8, undervalued by 50%.
VI Peers
The Chewy Inc and its competitors are Amazon.com Inc, Wayfair Inc, Meituan, Walmart Inc, and Alibaba Group. These companies compete with each other in terms of product offerings, prices, and delivery times. Chewy Inc has an edge over its competitors because it offers a wide range of products, competitive prices, and fast delivery times.
– Amazon.com Inc ($NASDAQ:AMZN)
Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Four tech companies, along with Google, Apple, and Facebook.
As of 2022, Amazon has a market cap of 1.17T and a ROE of 6.04%. Amazon is a leading player in the e-commerce and cloud computing markets. The company has also been investing heavily in digital streaming and artificial intelligence.
– Wayfair Inc ($NYSE:W)
As of 2022, Wayfair Inc has a market cap of 3.42B and a Return on Equity of 29.2%. The company operates an online store that offers a variety of home goods, including furniture, décor, and housewares. Wayfair is headquartered in Boston, Massachusetts, and was founded in 2002.
– Meituan ($SEHK:03690)
Meituan is a Chinese e-commerce platform that offers on-demand services, including food delivery, hotel booking, and ticketing. The company has a market cap of 871.38B as of 2022 and a return on equity of -10.45%. Meituan was founded in 2010 and is headquartered in Beijing, China.
Summary
Investing in Chewy Inc can be a smart move for investors. The company is a leading online pet retailer and has a growing customer base. Chewy has a strong brand and is able to offer its customers a wide range of products at competitive prices. The company is also expanding its operations and is now present in multiple countries.
Chewy is a well-managed company with a solid financial position. This makes it a good long-term investment.
