36,402 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,402 shares of the company’s stock, valued at approximately $1,219,000.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its holdings in Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after purchasing an additional 2,497,689 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Chewy in the fourth quarter valued at about $69,789,000. Wealthfront Advisers LLC bought a new position in shares of Chewy during the fourth quarter worth about $46,003,000. Allianz Asset Management GmbH lifted its stake in shares of Chewy by 134.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company’s stock worth $54,281,000 after acquiring an additional 929,116 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Chewy in the third quarter valued at approximately $13,699,000. Institutional investors own 93.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CHWY shares. JMP Securities restated a “market outperform” rating and issued a $37.00 price target on shares of Chewy in a research report on Monday, December 16th. Seaport Res Ptn raised shares of Chewy to a “hold” rating in a research report on Monday. UBS Group lifted their price objective on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada lifted their target price on Chewy from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $37.95.

Chewy Stock Down 1.2 %

CHWY stock opened at $33.60 on Wednesday. The stock’s 50 day moving average is $36.17 and its 200-day moving average is $33.14. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09. The firm has a market capitalization of $13.68 billion, a PE ratio of 36.92, a P/E/G ratio of 2.21 and a beta of 1.23.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 191,096 shares of Chewy stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $35.68, for a total transaction of $6,818,305.28. Following the transaction, the chief executive officer now owns 707,126 shares of the company’s stock, valued at $25,230,255.68. This trade represents a 21.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Reeder sold 307,558 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $37.48, for a total value 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 approximately $20,473,712.36. This represents a 36.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,655,172 shares of company stock worth $310,353,221. Corporate insiders own 2.10% of the company’s stock.

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.