Vanguard Group Inc. Has $154.56 Million Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Vanguard Group Inc. lifted its stake in shares of Chewy, Inc. (NYSE:CHWYFree Report) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,464,429 shares of the company’s stock after purchasing an additional 344,273 shares during the period. Vanguard Group Inc. owned 1.96% of Chewy worth $154,560,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CHWY. UniSuper Management Pty Ltd bought a new stake in Chewy during the second quarter worth $28,000. Quarry LP lifted its stake in Chewy by 120.2% in the 1st quarter. Quarry LP now owns 874 shares of the company’s stock valued at $33,000 after purchasing an additional 477 shares during the last quarter. Headinvest LLC bought a new position in Chewy during the third quarter worth about $39,000. Ossiam increased its position in Chewy by 104.1% during the first quarter. Ossiam now owns 2,263 shares of the company’s stock worth $85,000 after buying an additional 1,154 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Chewy by 47.6% in the second quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock valued at $90,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.

Chewy Trading Up 1.2 %

NYSE:CHWY opened at $16.10 on Tuesday. The stock has a market cap of $6.95 billion, a P/E ratio of 201.25, a price-to-earnings-growth ratio of 8.28 and a beta of 0.92. The stock’s 50-day moving average is $17.34 and its 200-day moving average is $18.90. Chewy, Inc. has a 1-year low of $15.08 and a 1-year high of $40.78.

Insider Activity at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 12,325,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $20.29, for a total value of $250,074,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Satish Mehta sold 40,523 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $17.70, for a total transaction of $717,257.10. Following the completion of the sale, the chief technology officer now owns 557,058 shares of the company’s stock, valued at $9,859,926.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 12,325,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $20.29, for a total value of $250,074,250.00. The disclosure for this sale can be found here. Insiders sold 12,560,416 shares of company stock worth $254,241,215 over the last three months. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of research analyst reports. Mizuho started coverage on shares of Chewy in a research report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and issued a $28.00 price target on shares of Chewy in a research note on Friday, March 15th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Chewy in a report on Thursday, March 21st. Morgan Stanley lowered their target price on Chewy from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, December 7th. Finally, Royal Bank of Canada reduced their price target on Chewy from $35.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.64.

Read Our Latest Research Report on CHWY

About Chewy

(Free Report)

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail website www.chewy.com, as well as mobile applications.

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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