Globeflex Capital L P Buys Shares of 28,447 Chewy, Inc. (NYSE:CHWY)

Globeflex Capital L P purchased a new position in Chewy, Inc. (NYSE:CHWY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,447 shares of the company’s stock, valued at approximately $953,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its position in Chewy by 83.0% in the fourth quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. increased its position in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after buying an additional 320 shares in the last quarter. Planning Capital Management Corp purchased a new stake in Chewy in the third quarter worth about $52,000. Allworth Financial LP grew its position in shares of Chewy by 52.0% during the fourth quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy during the third quarter worth about $63,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Buying and Selling at Chewy

In other 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 value of $250,390,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $32.50, for a total value of $2,312,732.50. Following the completion of the transaction, the chief executive officer now owns 77,838 shares in the company, valued at $2,529,735. This represents a 47.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,797,494 shares of company stock valued at $315,156,588 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Up 2.9 %

Shares of NYSE CHWY opened at $33.29 on Friday. The business has a fifty day simple moving average of $36.61 and a two-hundred day simple moving average of $32.79. The firm has a market cap of $13.55 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. UBS Group increased their target price on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Morgan Stanley raised their price target on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Guggenheim set a $42.00 price target on Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Mizuho upgraded Chewy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $24.00 to $42.00 in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.30.

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 websites and mobile applications.