Amundi Cuts Position in Chewy, Inc. (NYSE:CHWY)

Amundi decreased its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 57.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,075 shares of the company's stock after selling 55,962 shares during the period. Amundi's holdings in Chewy were worth $1,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock valued at $117,023,000 after acquiring an additional 2,497,689 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Chewy during the fourth quarter valued at approximately $69,789,000. Eagle Asset Management Inc. boosted its position in shares of Chewy by 97.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock worth $60,485,000 after purchasing an additional 975,647 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Chewy by 134.3% in the 4th quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company's stock worth $54,281,000 after buying an additional 929,116 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Chewy during the 3rd quarter valued at approximately $13,699,000. Institutional investors own 93.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CHWY. JMP Securities reissued a "market outperform" rating and issued a $37.00 target price on shares of Chewy in a research note on Monday, December 16th. UBS Group lifted their target price on shares of Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Robert W. Baird raised their price target on shares of Chewy from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, November 25th. Needham & Company LLC reiterated a "hold" rating on shares of Chewy in a research note on Thursday, December 5th. Finally, Piper Sandler boosted their price target on Chewy from $35.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, December 2nd. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.30.

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Insiders Place Their Bets

In other Chewy news, CTO Satish Mehta sold 71,365 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the sale, the chief technology officer now directly owns 262,853 shares of the company's stock, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sumit Singh sold 9,285 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the completion of the transaction, the chief executive officer now directly owns 489,750 shares of the company's stock, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,726,333 shares of company stock worth $312,843,856. Company insiders own 2.10% of the company's stock.

Chewy Stock Performance

Shares of NYSE CHWY traded up $1.54 during trading on Friday, hitting $33.86. The company had a trading volume of 8,460,704 shares, compared to its average volume of 7,602,007. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. 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 has a 50 day simple moving average of $36.30 and a 200 day simple moving average of $32.92.

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.