50,000 Shares in Chewy, Inc. (NYSE:CHWY) Purchased by Maven Securities LTD

Maven Securities LTD acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) during the third quarter, HoldingsChannel.com reports. The firm acquired 50,000 shares of the company’s stock, valued at approximately $1,464,000.

Several other institutional investors have also modified their holdings of CHWY. California State Teachers Retirement System lifted its position in Chewy by 2.2% in the first quarter. California State Teachers Retirement System now owns 108,448 shares of the company’s stock worth $1,725,000 after buying an additional 2,321 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Chewy during the 1st quarter worth about $334,000. SG Americas Securities LLC grew its holdings in Chewy by 125.6% during the 2nd quarter. SG Americas Securities LLC now owns 94,838 shares of the company’s stock valued at $2,583,000 after purchasing an additional 52,809 shares during the last quarter. Coastline Trust Co bought a new stake in Chewy in the second quarter worth about $295,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Chewy by 23.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,922 shares of the company’s stock valued at $652,000 after buying an additional 4,613 shares during the period. 93.09% of the stock is owned by institutional investors.

Chewy Stock Down 0.2 %

Shares of NYSE:CHWY opened at $33.58 on Wednesday. The business has a 50-day moving average price of $30.31 and a 200-day moving average price of $26.99. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 3.15 and a beta of 1.12. Chewy, Inc. has a 52-week low of $14.69 and a 52-week high of $39.10.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CHWY has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $35.00 target price on shares of Chewy in a report on Thursday, August 29th. Robert W. Baird raised their price target on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $24.00 to $40.00 in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

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.