Amundi lifted its holdings in shares of Chewy (NYSE:CHWY - Free Report) by 191.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,466,126 shares of the company's stock after purchasing an additional 963,750 shares during the quarter. Amundi owned 0.35% of Chewy worth $39,584,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of CHWY. Royal Bank of Canada raised its holdings in shares of Chewy by 2.5% during the first quarter. Royal Bank of Canada now owns 220,509 shares of the company's stock worth $7,168,000 after acquiring an additional 5,466 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Chewy in the first quarter worth $510,000. NewEdge Advisors LLC lifted its position in shares of Chewy by 5,238.3% in the first quarter. NewEdge Advisors LLC now owns 32,510 shares of the company's stock worth $1,057,000 after purchasing an additional 31,901 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Chewy by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,176,138 shares of the company's stock worth $38,236,000 after purchasing an additional 17,788 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Chewy by 31.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 383,966 shares of the company's stock worth $12,483,000 after purchasing an additional 92,129 shares during the last quarter. Institutional investors and hedge funds own 93.09% of the company's stock.
Chewy Price Performance
Chewy stock opened at $22.59 on Monday. The company's 50-day moving average is $20.50 and its 200-day moving average is $24.26. The firm has a market capitalization of $9.25 billion, a PE ratio of 37.65, a P/E/G ratio of 1.14 and a beta of 1.45. Chewy has a fifty-two week low of $17.40 and a fifty-two week high of $43.50.
Insider Buying and Selling
In other Chewy news, General Counsel Da-Wai Hu sold 4,203 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $19.49, for a total transaction of $81,916.47. Following the transaction, the general counsel owned 4,103 shares of the company's stock, valued at $79,967.47. The trade was a 50.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.34% of the company's stock.
Wall Street Analyst Weigh In
CHWY has been the topic of several recent research reports. Piper Sandler set a $30.00 price target on shares of Chewy in a research note on Wednesday, June 10th. Wolfe Research restated an "outperform" rating and set a $27.00 price objective on shares of Chewy in a research note on Thursday, June 11th. Barclays decreased their price objective on Chewy from $40.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, June 11th. Weiss Ratings downgraded Chewy from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Finally, UBS Group dropped their target price on Chewy from $32.00 to $24.00 and set a "neutral" rating on the stock in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.05.
Get Our Latest Stock Report on CHWY
About Chewy
(
Free Report)
Chewy, Inc NYSE: CHWY is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
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