Chewy, Inc. (NYSE:CHWY) CTO Sells $2,540,594.00 in Stock

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the completion of the sale, the chief technology officer now owns 262,853 shares in the company, valued at $9,357,566.80. This represents a 21.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Satish Mehta also recently made the following trade(s):

• On Thursday, January 30th, Satish Mehta sold 83,639 shares of Chewy stock. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00.
• On Monday, January 13th, Satish Mehta sold 168,105 shares of Chewy stock. The shares were sold at an average price of $36.32, for a total value of $6,105,573.60.

Chewy Trading Down 4.7 %

NYSE CHWY traded down $1.56 on Monday, hitting $31.76. 6,645,850 shares of the stock traded hands, compared to its average volume of 4,938,535. The company has a market capitalization of $12.93 billion, a P/E ratio of 34.90, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. The stock has a 50-day moving average of $36.76 and a 200 day moving average of $32.66. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $40.09.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHWY shares. JPMorgan Chase & Co. increased their price target on Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and boosted their price target for the company from $24.00 to $40.00 in a research note on Wednesday, November 20th. Argus upgraded shares of Chewy from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted their price target on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.30.

Institutional Trading of Chewy

Several hedge funds have recently bought and sold shares of CHWY. Vanguard Group Inc. grew its stake in shares of Chewy by 31.8% in the fourth quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock worth $485,093,000 after purchasing an additional 3,493,926 shares in the last quarter. FMR LLC raised its position in shares of Chewy by 32.4% during the 4th quarter. FMR LLC now owns 5,288,757 shares of the company’s stock worth $177,120,000 after buying an additional 1,293,428 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chewy by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock worth $150,345,000 after acquiring an additional 399,330 shares during the period. Clearbridge Investments LLC increased its stake in shares of Chewy by 47.4% during the fourth quarter. Clearbridge Investments LLC now owns 3,866,680 shares of the company’s stock valued at $129,495,000 after acquiring an additional 1,243,981 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Chewy by 5.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock worth $81,014,000 after purchasing an additional 138,768 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.

Chewy Company 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.