WCG Wealth Advisors LLC Acquires Shares of 17,702 Chewy, Inc. (NYSE:CHWY)

WCG Wealth Advisors LLC acquired a new stake in shares of Chewy, Inc. (NYSE:CHWY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,702 shares of the company’s stock, valued at approximately $482,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Chewy by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,325 shares of the company’s stock valued at $308,000 after buying an additional 1,029 shares during the last quarter. Bradley Foster & Sargent Inc. CT purchased a new position in shares of Chewy during the 2nd quarter valued at about $355,000. Moors & Cabot Inc. purchased a new position in shares of Chewy during the 2nd quarter valued at about $271,000. Renaissance Technologies LLC increased its stake in shares of Chewy by 8.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,521,755 shares of the company’s stock valued at $68,693,000 after purchasing an additional 200,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Chewy by 243.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 165,662 shares of the company’s stock valued at $4,513,000 after purchasing an additional 117,454 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other news, CTO Satish Mehta sold 2,894 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total transaction of $64,362.56. Following the transaction, the chief technology officer now directly owns 573,463 shares in the company, valued at approximately $12,753,817.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CTO Satish Mehta sold 2,894 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $22.24, for a total value of $64,362.56. Following the transaction, the chief technology officer now directly owns 573,463 shares in the company, valued at $12,753,817.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sumit Singh sold 14,338 shares of the company’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 value of $318,877.12. Following the completion of the transaction, the chief executive officer now owns 1,398,271 shares in the company, valued at $31,097,547.04. The disclosure for this sale can be found here. Insiders have sold a total of 18,906,141 shares of company stock worth $540,973,233 in the last ninety days. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

CHWY has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on Chewy from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Wedbush restated an “outperform” rating and issued a $35.00 price target on shares of Chewy in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price target on Chewy from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Wolfe Research began coverage on Chewy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Chewy from $28.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.11.

Chewy Price Performance

Shares of Chewy stock opened at $31.11 on Friday. The stock has a market cap of $13.53 billion, a P/E ratio of 172.83, a P/E/G ratio of 3.02 and a beta of 1.04. The stock’s 50 day simple moving average is $26.54 and its 200-day simple moving average is $21.76. Chewy, Inc. has a 1-year low of $14.69 and a 1-year high of $39.10.

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.