Catalyst Funds Management Pty Ltd Increases Position in Chewy, Inc. (NYSE:CHWY)

Catalyst Funds Management Pty Ltd increased its position in Chewy, Inc. (NYSE:CHWY) by 211.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Chewy were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHWY. Fifth Third Bancorp boosted its holdings in shares of Chewy by 83.0% in the 4th quarter. Fifth Third Bancorp now owns 979 shares of the company’s stock valued at $33,000 after acquiring an additional 444 shares during the last quarter. Blue Trust Inc. boosted its holdings in Chewy by 22.9% in the fourth quarter. Blue Trust Inc. now owns 1,718 shares of the company’s stock valued at $58,000 after purchasing an additional 320 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Chewy during the 3rd quarter worth about $63,000. Allworth Financial LP raised its stake in shares of Chewy by 52.0% during the 4th quarter. Allworth Financial LP now owns 1,900 shares of the company’s stock valued at $71,000 after buying an additional 650 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Chewy in the 4th quarter valued at about $86,000. Institutional investors and hedge funds own 93.09% of the company’s stock.

Insider Transactions at Chewy

In other Chewy news, CEO Sumit Singh sold 71,161 shares of Chewy stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $32.50, for a total value of $2,312,732.50. Following the sale, the chief executive officer now owns 77,838 shares in the company, valued at $2,529,735. The trade was a 47.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the transaction, the chief technology officer now owns 262,853 shares of the company’s stock, valued at approximately $9,357,566.80. This represents a 21.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,797,494 shares of company stock worth $315,156,588 in the last quarter. Company insiders own 2.10% of the company’s stock.

Chewy Stock Performance

NYSE CHWY opened at $33.29 on Friday. The stock’s fifty day moving average is $36.61 and its two-hundred day moving average is $32.84. The firm has a market capitalization of $13.55 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week high of $40.09.

Analyst Ratings Changes

Several brokerages recently weighed in on CHWY. Morgan Stanley lifted their price target on Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Guggenheim set a $42.00 target price on shares of Chewy and gave the company a “buy” rating in a report on Tuesday, February 4th. Barclays increased their price target on shares of Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chewy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Chewy presently has a consensus rating of “Moderate Buy” and an average price target of $37.30.

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.