National Bank of Canada FI Sells 626 Shares of Chewy, Inc. (NYSE:CHWY)

National Bank of Canada FI reduced its holdings in shares of Chewy, Inc. (NYSE:CHWY) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,682 shares of the company’s stock after selling 626 shares during the quarter. National Bank of Canada FI’s holdings in Chewy were worth $169,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CHWY. Russell Investments Group Ltd. boosted its stake in shares of Chewy by 15.3% during the fourth quarter. Russell Investments Group Ltd. now owns 67,774 shares of the company’s stock valued at $1,665,000 after purchasing an additional 9,010 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Chewy by 41.6% in the 4th quarter. Victory Capital Management Inc. now owns 81,666 shares of the company’s stock valued at $1,930,000 after buying an additional 24,004 shares during the last quarter. Private Advisor Group LLC boosted its position in Chewy by 33.0% during the 4th quarter. Private Advisor Group LLC now owns 15,934 shares of the company’s stock worth $377,000 after buying an additional 3,950 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Chewy by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 667,247 shares of the company’s stock worth $15,767,000 after acquiring an additional 39,301 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Chewy during the fourth quarter valued at $42,223,000. 93.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chewy

In other news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $28.49, for a total value of $499,999,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Argos Holdings Gp Llc sold 17,550,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $28.49, for a total value of $499,999,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumit Singh sold 14,338 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $22.24, for a total transaction of $318,877.12. Following the transaction, the chief executive officer now directly owns 1,398,271 shares of the company’s stock, valued at approximately $31,097,547.04. The disclosure for this sale can be found here. Insiders have sold 18,906,141 shares of company stock valued at $540,973,233 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

Chewy Stock Up 3.3 %

NYSE CHWY opened at $31.96 on Friday. The firm has a market cap of $13.90 billion, a P/E ratio of 177.56, a price-to-earnings-growth ratio of 3.02 and a beta of 1.04. The company’s 50 day moving average is $26.04 and its 200-day moving average is $21.36. Chewy, Inc. has a 12-month low of $14.69 and a 12-month high of $39.10.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHWY. Robert W. Baird lifted their price objective on shares of Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Needham & Company LLC boosted their price target on shares of Chewy from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Piper Sandler initiated coverage on Chewy in a research note on Friday, August 23rd. They issued an “overweight” rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Chewy from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley upped their target price on shares of Chewy from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Chewy presently has an average rating of “Moderate Buy” and an average target price of $29.11.

About Chewy

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.