Baillie Gifford & Co. Raises Holdings in Chewy, Inc. (NYSE:CHWY)

Baillie Gifford & Co. grew its holdings in shares of Chewy, Inc. (NYSE:CHWY - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,482,764 shares of the company's stock after buying an additional 2,654,376 shares during the quarter. Baillie Gifford & Co. owned 4.28% of Chewy worth $436,748,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Chewy by 4.2% in the third quarter. Vanguard Group Inc. now owns 8,464,429 shares of the company's stock valued at $154,560,000 after purchasing an additional 344,273 shares during the period. Wellington Management Group LLP boosted its stake in shares of Chewy by 19.0% in the first quarter. Wellington Management Group LLP now owns 5,369,539 shares of the company's stock valued at $218,969,000 after purchasing an additional 856,909 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Chewy by 101.4% in the third quarter. Bank of New York Mellon Corp now owns 3,478,510 shares of the company's stock valued at $63,518,000 after purchasing an additional 1,751,131 shares during the period. BlackRock Inc. boosted its stake in shares of Chewy by 1.0% in the second quarter. BlackRock Inc. now owns 2,658,440 shares of the company's stock valued at $104,929,000 after purchasing an additional 25,506 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in Chewy by 16.3% during the 1st quarter. Two Sigma Advisers LP now owns 2,287,100 shares of the company's stock valued at $85,492,000 after acquiring an additional 321,200 shares during the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.

Chewy Stock Up 4.4 %

Shares of Chewy stock traded up $0.75 during trading on Tuesday, hitting $17.57. The stock had a trading volume of 8,818,367 shares, compared to its average volume of 9,021,154. The stock has a 50 day simple moving average of $16.92 and a 200 day simple moving average of $18.76. The company has a market capitalization of $7.64 billion, a PE ratio of 219.59, a P/E/G ratio of 8.88 and a beta of 0.91. Chewy, Inc. has a 1 year low of $15.08 and a 1 year high of $40.78.

Insider Transactions at Chewy

In related news, CTO Satish Mehta sold 40,523 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $717,257.10. Following the transaction, the chief technology officer now directly owns 557,058 shares of the company's stock, valued at $9,859,926.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Satish Mehta sold 40,523 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $17.70, for a total transaction of $717,257.10. Following the transaction, the chief technology officer now directly owns 557,058 shares of the company's stock, valued at $9,859,926.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sumit Singh sold 6,728 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $15.53, for a total transaction of $104,485.84. Following the transaction, the chief executive officer now directly owns 129,991 shares in the company, valued at $2,018,760.23. The disclosure for this sale can be found here. Insiders have sold a total of 250,169 shares of company stock valued at $4,396,079 over the last ninety days. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHWY shares. Jefferies Financial Group reduced their price objective on shares of Chewy from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Bank of America reduced their price objective on shares of Chewy from $17.00 to $16.50 and set an "underperform" rating on the stock in a research note on Thursday, March 21st. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of Chewy in a report on Thursday, March 21st. JMP Securities reissued a "market outperform" rating and set a $28.00 target price on shares of Chewy in a report on Friday, March 15th. Finally, Royal Bank of Canada dropped their target price on shares of Chewy from $35.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.64.

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 website www.chewy.com, as well as mobile applications.