Delta Global Management LP Boosts Stake in Chewy by 170.5% in Q1

Delta Global Management LP has increased its stake in Chewy (NYSE:CHWY) by 170.5% in the first quarter, according to a recent SEC filing.

The institutional investor purchased an additional 65,921 shares of the company's stock during the quarter and now owns a total of 104,584 shares worth $2,824,000 as of its most recent disclosure with the Securities & Exchange Commission.

This is not an isolated incident; several other hedge funds have also been adding to or reducing their stakes in Chewy. Royal Bank of Canada boosted its holdings by 2.5% in the first quarter and now owns 220,509 shares valued at $7,168,000 after buying an additional 5,466 shares.

The company has a market cap of $8.55 billion and is currently trading with a P/E ratio of 34.81 and a beta of 1.45.