Swiss National Bank Purchases 55,800 Shares of Chewy, Inc. (NYSE:CHWY)

Swiss National Bank lifted its stake in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 354,900 shares of the company's stock after purchasing an additional 55,800 shares during the quarter. Swiss National Bank owned about 0.09% of Chewy worth $11,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHWY. Bank of New York Mellon Corp increased its stake in shares of Chewy by 9.8% in 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 period. FMR LLC increased its position in Chewy by 166.8% in 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. ArrowMark Colorado Holdings LLC increased its position in Chewy by 5.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company's stock valued at $81,014,000 after acquiring an additional 138,768 shares during the period. Raymond James Financial Inc. acquired a new position in Chewy during the 4th quarter worth $69,789,000. Finally, Eagle Asset Management Inc. grew its stake in shares of Chewy by 97.9% in the third 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. Institutional investors and hedge funds own 93.09% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHWY shares. Morgan Stanley upped their price objective on shares of Chewy from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $37.00 price target on shares of Chewy in a research note on Monday, December 16th. UBS Group boosted their target price on Chewy from $30.00 to $34.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on Chewy from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Mizuho raised Chewy from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $24.00 to $42.00 in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $37.95.

Insider Activity

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $35.77, for a total value of $250,390,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 71,161 shares of the business's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $35.00, for a total transaction of $2,490,635.00. Following the transaction, the chief executive officer now owns 6,677 shares in the company, valued at approximately $233,695. This represents a 91.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,726,333 shares of company stock worth $312,843,856. 2.10% of the stock is owned by corporate insiders.

Chewy Trading Up 0.4 %

NYSE:CHWY traded up $0.15 during trading hours on Monday, hitting $34.01. 5,935,790 shares of the stock traded hands, compared to its average volume of 7,475,280. The firm has a 50 day moving average price of $36.25 and a 200 day moving average price of $33.03. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

About Chewy

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.