ProShare Advisors LLC lessened its holdings in Chewy, Inc. (NYSE:CHWY – Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 563,759 shares of the company’s stock after selling 114,689 shares during the period. ProShare Advisors LLC owned about 0.13% of Chewy worth $15,357,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of CHWY. Ensign Peak Advisors Inc raised its stake in shares of Chewy by 29.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 57,193 shares of the company’s stock worth $1,558,000 after buying an additional 12,950 shares during the period. BC Partners Advisors L.P. purchased a new stake in Chewy in the 2nd quarter worth $7,517,800,000. Trust Investment Advisors acquired a new position in Chewy during the second quarter worth $1,764,000. Brighton Jones LLC purchased a new position in Chewy during the second quarter valued at $304,000. Finally, WCG Wealth Advisors LLC acquired a new stake in shares of Chewy in the second quarter valued at about $482,000. Institutional investors and hedge funds own 93.09% of the company’s stock.
Chewy Stock Performance
CHWY opened at $29.87 on Tuesday. The stock has a market capitalization of $12.99 billion, a PE ratio of 165.94, a P/E/G ratio of 3.02 and a beta of 1.04. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The business’s 50 day moving average price is $26.67 and its 200 day moving average price is $21.99.
Insider Transactions at Chewy
In related news, CEO Sumit Singh sold 14,338 shares of Chewy stock in a transaction that occurred on Friday, August 2nd. The shares were 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 owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sumit Singh sold 14,338 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 1,398,271 shares in the company, valued at approximately $31,097,547.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of Chewy stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $28.49, for a total value of $499,999,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,776,889 shares of company stock worth $1,330,973,224. 2.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Evercore ISI lifted their price target on Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Mizuho increased their price objective on Chewy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, June 10th. Raymond James cut shares of Chewy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 21st. Finally, Needham & Company LLC increased their target price on shares of Chewy from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.11.
Get Our Latest Analysis on Chewy
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.
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