Blair William & Co. IL Sells 62,351 Shares of Chewy, Inc. (NYSE:CHWY)

Blair William & Co. IL lowered its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 834,059 shares of the company’s stock after selling 62,351 shares during the quarter. Blair William & Co. IL owned 0.19% of Chewy worth $22,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 1620 Investment Advisors Inc. bought a new position in shares of Chewy in the 2nd quarter valued at about $33,000. Industrial Alliance Investment Management Inc. purchased a new stake in Chewy during the second quarter valued at approximately $44,000. First Horizon Advisors Inc. bought a new stake in shares of Chewy in the 2nd quarter valued at approximately $48,000. Skylands Capital LLC purchased a new position in shares of Chewy in the 2nd quarter worth approximately $52,000. Finally, Quest Partners LLC purchased a new position in shares of Chewy in the 4th quarter worth approximately $65,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CHWY. Bank of America increased their price target on Chewy from $20.00 to $24.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Robert W. Baird upped their target price on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Wolfe Research initiated coverage on Chewy in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Evercore ISI increased their target price on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, Piper Sandler began coverage on shares of Chewy in a research note on Friday, August 23rd. They set an “overweight” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.11.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $30.32, for a total transaction of $40,576,103.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Chewy news, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $318,877.12. Following the sale, the chief executive officer now owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $30.32, for a total value of $40,576,103.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,906,141 shares of company stock valued at $540,973,233. 2.10% of the stock is currently owned by corporate insiders.

Chewy Price Performance

Shares of CHWY stock opened at $30.91 on Thursday. The stock’s fifty day moving average price is $26.45 and its 200 day moving average price is $21.69. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 171.72, a price-to-earnings-growth ratio of 3.02 and a beta of 1.04.

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.