Chewy, Inc. (NYSE:CHWY) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Chewy, Inc. (NYSE:CHWY) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,001 shares of the company’s stock after acquiring an additional 1,551 shares during the period. Natixis Advisors LLC’s holdings in Chewy were worth $5,961,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHWY. Fifth Third Bancorp raised 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 purchasing an additional 444 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Chewy by 22.9% during the 4th 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Chewy during the 3rd quarter worth about $63,000. Allworth Financial LP raised its stake in shares of Chewy by 52.0% during 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. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Chewy during the 4th quarter worth about $86,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

Chewy Stock Up 4.8 %

CHWY opened at $33.86 on Friday. The firm has a market capitalization of $13.79 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The stock’s 50 day moving average price is $36.25 and its two-hundred day moving average price is $32.95. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of recent research reports. Robert W. Baird raised their price target on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft raised their price target on Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, November 22nd. Royal Bank of Canada increased their price objective on Chewy from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price objective on Chewy from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.95.

Insider Transactions at Chewy

In other news, CEO Sumit Singh sold 4,000 shares of Chewy stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the sale, the chief executive officer now owns 518,581 shares of the company’s stock, valued at approximately $19,457,159.12. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares in the company, valued at $9,357,566.80. The trade was a 21.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,726,333 shares of company stock valued at $312,843,856. 2.10% of the stock is owned by corporate insiders.

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.