Atom Investors LP Sells 37,029 Shares of Chewy, Inc. (NYSE:CHWY)

Atom Investors LP lessened its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 63.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,757 shares of the company’s stock after selling 37,029 shares during the period. Atom Investors LP’s holdings in Chewy were worth $637,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in Chewy during the second quarter worth approximately $11,916,000. Cetera Advisors LLC bought a new position in shares of Chewy in the first quarter worth $334,000. Sanctuary Advisors LLC bought a new stake in Chewy during the second quarter worth about $673,000. Eagle Asset Management Inc. grew its stake in Chewy by 97.9% during the third quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock valued at $78,801,000 after buying an additional 2,636,526 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CHWY. Morgan Stanley upped their target price on Chewy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Evercore ISI upped their price objective on shares of Chewy from $22.00 to $29.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. TD Cowen began coverage on shares of Chewy in a report on Wednesday, October 9th. They set a “buy” rating and a $38.00 price target for the company. Finally, UBS Group raised their price objective on Chewy from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday. Eight research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.80.

Insider Transactions at Chewy

In other Chewy news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $29.40, for a total transaction of $36,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Down 0.2 %

Shares of NYSE CHWY opened at $33.58 on Wednesday. The company has a market capitalization of $14.04 billion, a PE ratio of 40.95, a P/E/G ratio of 3.15 and a beta of 1.12. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The firm has a fifty day simple moving average of $30.31 and a 200 day simple moving average of $26.99.

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.