Atria Investments Inc Raises Holdings in Chewy, Inc. (NYSE:CHWY)

Atria Investments Inc boosted its stake in shares of Chewy, Inc. (NYSE:CHWY) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,735 shares of the company’s stock after acquiring an additional 854 shares during the quarter. Atria Investments Inc’s holdings in Chewy were worth $326,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in shares of Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares in the last quarter. Blue Trust Inc. boosted its position in Chewy by 22.9% during the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock worth $58,000 after purchasing an additional 320 shares in the last quarter. Allworth Financial LP grew its holdings 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 purchasing an additional 650 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Chewy in the third quarter valued at approximately $63,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Chewy during the 4th quarter worth approximately $86,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chewy

In other Chewy news, CEO Sumit Singh sold 9,285 shares of Chewy stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $40.00, for a total transaction of $371,400.00. Following the completion of the sale, the chief executive officer now directly owns 489,750 shares in the company, valued at $19,590,000. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,797,494 shares of company stock worth $315,156,588. Insiders own 2.10% of the company’s stock.

Chewy Price Performance

Chewy stock opened at $33.05 on Tuesday. The firm has a 50 day simple moving average of $36.53 and a 200-day simple moving average of $32.90. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BNP Paribas cut shares of Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price target on shares of Chewy in a research note on Monday. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley increased their target price on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $37.30.

Chewy Company 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.