Jones Financial Companies Lllp Acquires 951 Shares of Chewy, Inc. (NYSE:CHWY)

Jones Financial Companies Lllp boosted its position in shares of Chewy, Inc. (NYSE:CHWY) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,478 shares of the company’s stock after acquiring an additional 951 shares during the period. Jones Financial Companies Lllp’s holdings in Chewy were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHWY. Fifth Third Bancorp raised its stake in shares of Chewy by 83.0% during the fourth 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. Planning Capital Management Corp bought a new stake in shares of Chewy during the third quarter valued at approximately $52,000. Blue Trust Inc. lifted its position in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after acquiring an additional 320 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Chewy during the 3rd quarter valued at approximately $63,000. Finally, Allworth Financial LP boosted its stake in Chewy by 52.0% in the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock worth $71,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CHWY shares. BNP Paribas cut Chewy from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 5th. Mizuho raised Chewy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Wedbush reissued an “outperform” rating and issued a $39.00 target price (up from $35.00) on shares of Chewy in a report on Thursday, December 5th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Chewy has a consensus rating of “Moderate Buy” and a consensus price target of $37.30.

Insider Buying and Selling at Chewy

In other news, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $37.48, for a total transaction of $11,527,273.84. Following the completion of the transaction, the chief financial officer now directly owns 546,257 shares of the company’s stock, valued at $20,473,712.36. This represents a 36.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $32.50, for a total transaction of $2,312,732.50. Following the completion of the sale, the chief executive officer now owns 77,838 shares in the company, valued at approximately $2,529,735. This trade represents a 47.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,624,736 shares of company stock worth $936,145,808. 2.10% of the stock is currently owned by insiders.

Chewy Price Performance

Shares of CHWY opened at $31.76 on Tuesday. The firm has a market capitalization of $12.93 billion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The company’s fifty day moving average price is $36.71 and its 200-day moving average price is $32.69. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $40.09.

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.