36,402 Shares in Chewy, Inc. (NYSE:CHWY) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,402 shares of the company’s stock, valued at approximately $1,219,000.

A number of other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Chewy by 9.8% during 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. FMR LLC lifted its holdings in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock valued at $117,023,000 after purchasing an additional 2,497,689 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Chewy in the fourth quarter worth about $69,789,000. Finally, Allianz Asset Management GmbH raised its position in shares of Chewy by 134.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company’s stock valued at $54,281,000 after purchasing an additional 929,116 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CHWY. JMP Securities reiterated a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a research note on Monday, December 16th. UBS Group lifted their price target on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Wolfe Research raised Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Evercore ISI raised Chewy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $34.00 to $47.00 in a report on Monday, January 13th. Finally, The Goldman Sachs Group increased their price target on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.95.

Chewy Trading Down 1.2 %

CHWY opened at $33.60 on Wednesday. The stock has a market capitalization of $13.68 billion, a P/E ratio of 36.92, a PEG ratio of 2.21 and a beta of 1.23. The stock has a 50-day moving average price of $36.17 and a 200-day moving average price of $33.14. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $40.09.

Insiders Place Their Bets

In other news, major shareholder Argos Holdings Gp Llc sold 7,000,000 shares of Chewy stock in a transaction dated Monday, January 6th. The stock was 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 SEC, which is available at this link. Also, CEO Sumit Singh sold 571,903 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $34.52, for a total value of $19,742,091.56. Following the sale, the chief executive officer now owns 898,222 shares of the company’s stock, valued at $31,006,623.44. This represents a 38.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,655,172 shares of company stock valued at $310,353,221 over the last quarter. 2.10% of the stock is owned by corporate insiders.

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.