57,586 Shares in Chewy, Inc. (NYSE:CHWY) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Chewy, Inc. (NYSE:CHWY) during the 4th quarter, HoldingsChannel.com reports. The fund bought 57,586 shares of the company’s stock, valued at approximately $13,610,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHWY. UniSuper Management Pty Ltd bought a new position in Chewy during the second quarter worth $28,000. Quarry LP lifted its stake in shares of Chewy by 120.2% in the first quarter. Quarry LP now owns 874 shares of the company’s stock valued at $33,000 after buying an additional 477 shares in the last quarter. Headinvest LLC bought a new position in shares of Chewy in the third quarter valued at $39,000. Ossiam lifted its stake in shares of Chewy by 104.1% in the first quarter. Ossiam now owns 2,263 shares of the company’s stock valued at $85,000 after buying an additional 1,154 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of 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 in the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Stock Up 6.7 %

CHWY opened at $18.57 on Friday. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 232.13, a PEG ratio of 8.76 and a beta of 0.90. The firm has a 50-day moving average price of $16.93 and a 200-day moving average price of $18.75. Chewy, Inc. has a twelve month low of $15.08 and a twelve month high of $40.78.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 40,523 shares of Chewy stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $17.70, for a total value of $717,257.10. Following the completion of the transaction, the chief technology officer now owns 557,058 shares in the company, valued at $9,859,926.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sumit Singh sold 6,728 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total value of $104,485.84. Following the completion of the transaction, the chief executive officer now directly owns 129,991 shares in the company, valued at $2,018,760.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Satish Mehta sold 40,523 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $717,257.10. Following the completion of the transaction, the chief technology officer now owns 557,058 shares of the company’s stock, valued at $9,859,926.60. The disclosure for this sale can be found here. Insiders sold 250,169 shares of company stock worth $4,396,079 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHWY shares. Piper Sandler dropped their price objective on shares of Chewy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $28.00 price objective on shares of Chewy in a research note on Friday, March 15th. Jefferies Financial Group dropped 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. Royal Bank of Canada dropped their price objective on shares of Chewy from $35.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Chewy in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and an average price target of $27.64.

Chewy Profile

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.