WCG Wealth Advisors LLC Takes Position in Chewy, Inc. (NYSE:CHWY)

WCG Wealth Advisors LLC acquired a new stake in Chewy, Inc. (NYSE:CHWY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,702 shares of the company’s stock, valued at approximately $482,000.

Several other large investors have also made changes to their positions in CHWY. Charles Schwab Investment Management Inc. lifted its position 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 valued at $15,767,000 after acquiring an additional 39,301 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Chewy in the fourth quarter worth about $339,000. Wells Fargo & Company MN lifted its position in shares of Chewy by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 915,965 shares of the company’s stock worth $21,644,000 after buying an additional 73,825 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Chewy in the fourth quarter worth about $65,000. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Chewy by 129.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 93,584 shares of the company’s stock worth $2,211,000 after buying an additional 52,751 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $28.49, for a total value of $499,999,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $28.49, for a total value of $499,999,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the firm’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 sale, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The disclosure for this sale can be found here. Insiders sold 18,906,141 shares of company stock valued at $540,973,233 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Chewy Stock Performance

Shares of NYSE CHWY opened at $31.11 on Friday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 172.83, a PEG ratio of 3.02 and a beta of 1.04. The business’s 50 day moving average price is $26.54 and its 200-day moving average price is $21.76. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $39.10.

Analyst Ratings Changes

CHWY has been the topic of a number of research analyst reports. Citigroup boosted their target price on Chewy from $16.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. UBS Group boosted their target price on Chewy from $21.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Wolfe Research started coverage on Chewy in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Needham & Company LLC boosted their price objective on Chewy from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.