Chewy, Inc. (NYSE:CHWY) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Chewy, Inc. (NYSE:CHWY) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,521,755 shares of the company’s stock after buying an additional 200,900 shares during the period. Renaissance Technologies LLC’s holdings in Chewy were worth $68,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHWY. 1620 Investment Advisors Inc. acquired a new stake in Chewy in the second quarter valued at $33,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Chewy during the second quarter worth about $44,000. First Horizon Advisors Inc. acquired a new stake in shares of Chewy during the second quarter worth about $48,000. Skylands Capital LLC acquired a new stake in shares of Chewy during the second quarter worth about $52,000. Finally, Quest Partners LLC acquired a new stake in shares of Chewy during the fourth quarter worth about $65,000. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $30.32, for a total transaction of $40,576,103.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CTO Satish Mehta sold 2,894 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $64,362.56. Following the transaction, the chief technology officer now owns 573,463 shares in the company, valued at approximately $12,753,817.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Argos Holdings Gp Llc sold 1,338,262 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $30.32, for a total transaction of $40,576,103.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,906,141 shares of company stock worth $540,973,233. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHWY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on Chewy from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. lifted their price objective on Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Raymond James lowered Chewy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 21st. Wedbush reiterated an “outperform” rating and set a $35.00 price target on shares of Chewy in a research report on Thursday, August 29th. Finally, Mizuho lifted their price objective on Chewy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average price target of $29.11.

Chewy Price Performance

Shares of CHWY opened at $32.70 on Tuesday. The company has a market capitalization of $14.22 billion, a PE ratio of 181.67, a price-to-earnings-growth ratio of 3.02 and a beta of 1.04. Chewy, Inc. has a one year low of $14.69 and a one year high of $39.10. The company’s fifty day moving average price is $26.20 and its 200 day moving average price is $21.53.

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.