SCHEDULE 13G/A: BlackRock Discloses 5.7% Stake in Chewy, Inc. Common Stock
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 5.7% of Chewy, Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 11,052,355 shares of Chewy, Inc. Common Stock.
- This represents 5.7% of the total outstanding shares of Chewy, Inc.'s common stock.
- BlackRock, Inc. holds sole voting power over 10,941,310 shares and sole dispositive power over 11,052,355 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previous ownership disclosure.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Chewy, Inc.
- BlackRock Investment Management, LLC is identified as an entity within BlackRock, Inc. that beneficially owns 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership. It is factual and does not contain information that inherently suggests positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing is a routine disclosure by a major institutional asset manager, BlackRock, Inc., regarding its passive investment stake in Chewy, Inc., an online retailer of pet food and products. Such disclosures are standard for large investment firms that cross certain ownership thresholds in publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership in Chewy, Inc.
Key Dates
| Date | Description |
|---|---|
| 2025-01-21 | Date of execution for the Power of Attorney granted by BlackRock, Inc. |
| 2025-03-31 | Date of event which requires the filing of this statement. |
| 2025-04-17 | Date of signature for the Schedule 13G filing by BlackRock, Inc. |
Keywords
Chewy, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, CHWY
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