Xponance Inc. Makes New $386,000 Investment in Chewy, Inc. (NYSE:CHWY)

Xponance Inc. acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,525 shares of the company’s stock, valued at approximately $386,000.

Several other hedge funds also recently made changes to their positions in CHWY. Quest Partners LLC acquired a new position in Chewy in the third quarter worth approximately $229,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Chewy by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,824 shares of the company’s stock worth $24,159,000 after acquiring an additional 46,629 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Chewy by 42.4% in the 3rd quarter. Cerity Partners LLC now owns 15,324 shares of the company’s stock worth $449,000 after acquiring an additional 4,559 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Chewy during the third quarter worth $293,000. Finally, Bank of Montreal Can lifted its holdings in shares of Chewy by 261.2% during the third quarter. Bank of Montreal Can now owns 158,166 shares of the company’s stock valued at $4,739,000 after purchasing an additional 256,275 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CHWY. Evercore ISI upgraded Chewy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $47.00 in a report on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Chewy in a research report on Thursday, December 5th. UBS Group lifted their price objective on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded Chewy from a “peer perform” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Guggenheim set a $42.00 price target on Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Chewy has a consensus rating of “Moderate Buy” and an average target price of $37.95.

Insider Buying and Selling

In other news, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were 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 directly owns 262,853 shares in the company, valued at approximately $9,357,566.80. The trade was a 21.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumit Singh sold 4,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $37.52, for a total transaction of $150,080.00. Following the sale, the chief executive officer now directly owns 518,581 shares of the company’s stock, valued at approximately $19,457,159.12. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,083,269 shares of company stock worth $290,611,129. Corporate insiders own 2.10% of the company’s stock.

Chewy Stock Down 0.9 %

CHWY stock opened at $33.30 on Thursday. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 2.21 and a beta of 1.23. The firm has a 50 day moving average of $36.09 and a two-hundred day moving average of $33.14. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09.

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.