Chewy, Inc. (NYSE:CHWY) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lessened its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 13.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,645 shares of the company’s stock after selling 8,435 shares during the period. Chewy accounts for approximately 1.2% of Trust Investment Advisors’ investment portfolio, making the stock its 22nd biggest holding. Trust Investment Advisors’ holdings in Chewy were worth $1,864,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Chewy by 83.0% during the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after purchasing an additional 444 shares in the last quarter. Blue Trust Inc. raised its stake in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after acquiring an additional 320 shares in the last quarter. Allworth Financial LP lifted its position in Chewy by 52.0% in the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after acquiring an additional 650 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Chewy in the third quarter valued at $63,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Chewy during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. Guggenheim set a $42.00 price objective on Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Mizuho raised shares of Chewy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $24.00 to $42.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their price target on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and a consensus target price of $37.95.

Insiders Place Their Bets

In related news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total transaction of $250,390,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sumit Singh sold 571,903 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $34.52, for a total value of $19,742,091.56. Following the completion of the sale, the chief executive officer now directly owns 898,222 shares in the company, valued at $31,006,623.44. This trade represents a 38.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,655,172 shares of company stock worth $310,353,221. Corporate insiders own 2.10% of the company’s stock.

Chewy Price Performance

Shares of CHWY stock opened at $33.60 on Wednesday. The business’s fifty day moving average price is $36.17 and its 200 day moving average price is $33.14. The firm has a market capitalization of $13.68 billion, a PE ratio of 36.92, a P/E/G ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09.

About Chewy

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 websites and mobile applications.