Catalyst Funds Management Pty Ltd Buys 9,500 Shares of Chewy, Inc. (NYSE:CHWY)

Catalyst Funds Management Pty Ltd lifted its position in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 211.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the company's stock after acquiring an additional 9,500 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Chewy were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in shares of Chewy by 9.8% during the fourth quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company's stock valued at $150,345,000 after purchasing an additional 399,330 shares during the last quarter. FMR LLC grew its stake in Chewy by 166.8% during the 3rd quarter. FMR LLC now owns 3,995,329 shares of the company's stock worth $117,023,000 after buying an additional 2,497,689 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in Chewy by 5.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company's stock worth $81,014,000 after buying an additional 138,768 shares during the period. Raymond James Financial Inc. bought a new stake in Chewy in the fourth quarter valued at $69,789,000. Finally, Eagle Asset Management Inc. lifted its stake in Chewy by 97.9% in the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company's stock valued at $60,485,000 after buying an additional 975,647 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.

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Insider Buying and Selling at Chewy

In other news, 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 transaction, the chief executive officer now owns 489,750 shares in the company, valued at $19,590,000. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $35.77, for a total value of $250,390,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,726,333 shares of company stock valued at $312,843,856. 2.10% of the stock is currently owned by corporate insiders.

Chewy Stock Up 0.4 %

Shares of NYSE CHWY traded up $0.13 during mid-day trading on Thursday, hitting $32.38. 4,269,668 shares of the company traded hands, compared to its average volume of 4,928,408. The business has a 50 day moving average of $36.38 and a two-hundred day moving average of $32.92. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 1 year low of $14.69 and a 1 year high of $40.09.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Piper Sandler lifted their price target on Chewy from $35.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, December 2nd. UBS Group increased their price objective on Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Robert W. Baird lifted their target price on Chewy from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 25th. Finally, Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Chewy currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.30.

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.