SG Americas Securities LLC Has $707,000 Position in Chewy, Inc. (NYSE:CHWY)

SG Americas Securities LLC trimmed its stake in shares of Chewy, Inc. (NYSE:CHWYFree Report) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,911 shares of the company’s stock after selling 5,864 shares during the quarter. SG Americas Securities LLC’s holdings in Chewy were worth $707,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Chewy by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company’s stock worth $154,560,000 after purchasing an additional 344,273 shares in the last quarter. Wellington Management Group LLP increased its position in Chewy by 19.0% during the 1st quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company’s stock worth $218,969,000 after purchasing an additional 856,909 shares in the last quarter. Bank of New York Mellon Corp increased its position in Chewy by 101.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company’s stock worth $63,518,000 after purchasing an additional 1,751,131 shares in the last quarter. Marshall Wace LLP grew its holdings in Chewy by 17.1% during the 2nd quarter. Marshall Wace LLP now owns 3,426,667 shares of the company’s stock worth $135,251,000 after acquiring an additional 501,491 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Chewy by 1.0% during the 2nd quarter. BlackRock Inc. now owns 2,658,440 shares of the company’s stock worth $104,929,000 after acquiring an additional 25,506 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Chewy Stock Down 2.0 %

Shares of NYSE CHWY opened at $15.77 on Wednesday. The firm has a market cap of $6.86 billion, a PE ratio of 197.15, a P/E/G ratio of 8.28 and a beta of 0.91. Chewy, Inc. has a 12-month low of $15.08 and a 12-month high of $40.78. The company’s fifty day simple moving average is $17.27 and its 200 day simple moving average is $18.86.

Insider Buying and Selling

In related news, CEO Sumit Singh sold 192,642 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $3,409,763.40. Following the transaction, the chief executive officer now directly owns 1,307,025 shares of the company’s stock, valued at $23,134,342.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chewy news, CEO Sumit Singh sold 192,642 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $3,409,763.40. Following the transaction, the chief executive officer now owns 1,307,025 shares in the company, valued at $23,134,342.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Argos Holdings Gp Llc sold 12,325,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $20.29, for a total transaction of $250,074,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,560,416 shares of company stock valued at $254,241,215 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of research reports. Mizuho initiated coverage on shares of Chewy in a report on Tuesday, March 19th. They set a “neutral” rating and a $18.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Morgan Stanley reduced their target price on shares of Chewy from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, December 7th. JPMorgan Chase & Co. reduced their target price on shares of Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. Finally, Jefferies Financial Group reduced their price objective on shares of Chewy from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.64.

Get Our Latest Report on Chewy

Chewy Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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