Kazazian Asset Management LLC Takes $4.83 Million Position in Chewy, Inc. (NYSE:CHWY)

Kazazian Asset Management LLC bought a new position in Chewy, Inc. (NYSE:CHWY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 144,222 shares of the company's stock, valued at approximately $4,830,000. Chewy accounts for approximately 3.7% of Kazazian Asset Management LLC's investment portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Chewy by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,741 shares of the company's stock worth $661,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. increased its stake in Chewy by 22.9% during the 4th quarter. Blue Trust Inc. now owns 1,718 shares of the company's stock valued at $58,000 after purchasing an additional 320 shares in the last quarter. Fifth Third Bancorp increased its stake in Chewy by 83.0% during the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company's stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Chewy by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,650 shares of the company's stock worth $189,000 after acquiring an additional 450 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of Chewy by 30.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,800 shares of the company's stock worth $94,000 after acquiring an additional 650 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Chewy news, CEO Sumit Singh sold 571,903 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $34.52, for a total transaction of $19,742,091.56. Following the transaction, the chief executive officer now owns 898,222 shares in the company, valued at $31,006,623.44. The trade was a 38.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $35.77, for a total transaction of $250,390,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,726,333 shares of company stock worth $312,843,856. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CHWY shares. JMP Securities reissued a "market outperform" rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. UBS Group raised their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Argus raised shares of Chewy from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Chewy from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Finally, BNP Paribas downgraded shares of Chewy from an "outperform" rating to a "neutral" rating in a report on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Chewy has a consensus rating of "Moderate Buy" and a consensus target price of $37.95.

Chewy Trading Up 4.8 %

CHWY traded up $1.54 during trading hours on Friday, hitting $33.86. The company's stock had a trading volume of 8,473,931 shares, compared to its average volume of 7,481,461. The business's 50-day moving average price is $36.25 and its 200-day moving average price is $32.99. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 2.21 and a beta of 1.23.

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.