9,940 Shares in Chewy, Inc. (NYSE:CHWY) Bought by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new position in shares of Chewy, Inc. (NYSE:CHWY) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 9,940 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Chewy by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 667,247 shares of the company’s stock worth $15,767,000 after acquiring an additional 39,301 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in Chewy during the 4th quarter worth approximately $339,000. Russell Investments Group Ltd. lifted its position in shares of Chewy by 27.7% in the 1st quarter. Russell Investments Group Ltd. now owns 86,542 shares of the company’s stock worth $1,355,000 after purchasing an additional 18,768 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Chewy by 127.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,717,660 shares of the company’s stock valued at $27,328,000 after purchasing an additional 963,540 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Chewy during the first quarter worth $334,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insiders Place Their Bets

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

Chewy Stock Down 4.4 %

Shares of NYSE:CHWY opened at $29.72 on Friday. The business’s 50 day moving average is $26.61 and its 200 day moving average is $21.84. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $39.10. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 165.11, a PEG ratio of 3.02 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays upped their price target on shares of Chewy from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft upped their target price on Chewy from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Mizuho increased their price target on Chewy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 10th. Piper Sandler reissued an “overweight” rating and set a $35.00 target price on shares of Chewy in a research note on Friday. Finally, Wolfe Research initiated coverage on shares of Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.11.

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.