JPMorgan Chase & Co. Acquires 1,349,728 Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

JPMorgan Chase & Co. grew its holdings in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF - Free Report) by 328.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,761,247 shares of the company's stock after acquiring an additional 1,349,728 shares during the quarter. JPMorgan Chase & Co. owned 0.56% of Petco Health and Wellness worth $8,014,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Choreo LLC acquired a new stake in Petco Health and Wellness in the 2nd quarter worth about $45,000. Frank Rimerman Advisors LLC bought a new position in shares of Petco Health and Wellness during the second quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Petco Health and Wellness by 253.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 11,231 shares of the company's stock valued at $51,000 after buying an additional 8,056 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $58,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Petco Health and Wellness in the third quarter valued at approximately $66,000.

Petco Health and Wellness Price Performance

Shares of NASDAQ WOOF traded up $0.03 during midday trading on Wednesday, reaching $3.84. 2,329,700 shares of the company were exchanged, compared to its average volume of 4,040,658. The stock's 50-day moving average price is $4.25 and its 200-day moving average price is $3.95. The stock has a market cap of $1.20 billion, a P/E ratio of -9.60 and a beta of 1.90. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Petco Health and Wellness Company, Inc. has a one year low of $1.41 and a one year high of $6.29.

Wall Street Analysts Forecast Growth

WOOF has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $6.00 price objective on shares of Petco Health and Wellness in a research note on Friday, December 20th. Morgan Stanley boosted their target price on shares of Petco Health and Wellness from $3.00 to $6.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price target on shares of Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Wedbush increased their price target on shares of Petco Health and Wellness from $5.50 to $6.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Petco Health and Wellness has an average rating of "Hold" and an average target price of $4.25.

About Petco Health and Wellness

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.