Chewy, Inc. (NYSE:CHWY) Stock Holdings Raised by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC increased its position in Chewy, Inc. (NYSE:CHWY) by 5.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,765,931 shares of the company’s stock after purchasing an additional 138,768 shares during the period. ArrowMark Colorado Holdings LLC owned 0.66% of Chewy worth $81,014,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in Chewy during the second quarter worth about $11,916,000. Cetera Advisors LLC acquired a new position in Chewy during the 1st quarter valued at approximately $334,000. Sanctuary Advisors LLC bought a new position in Chewy during the 2nd quarter worth $673,000. Eagle Asset Management Inc. grew its stake in Chewy by 97.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after buying an additional 975,647 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Chewy by 1,028.6% in the second quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after buying an additional 2,636,526 shares during the period. 93.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHWY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Chewy from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Citigroup raised Chewy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $40.00 in a report on Friday, November 8th. Barclays raised their target price on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America upgraded Chewy from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $40.00 in a research report on Wednesday, November 20th. Finally, Wedbush reissued an “outperform” rating and set a $35.00 price target on shares of Chewy in a report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.35.

Insider Buying and Selling

In related news, major shareholder Argos Holdings Gp Llc sold 1,250,000 shares of Chewy stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $29.40, for a total value of $36,750,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Chewy Price Performance

NYSE CHWY opened at $33.41 on Monday. The firm has a market cap of $13.97 billion, a P/E ratio of 40.74, a price-to-earnings-growth ratio of 3.13 and a beta of 1.06. The stock’s 50-day moving average is $30.16 and its two-hundred day moving average is $26.75. Chewy, Inc. has a fifty-two week low of $14.69 and a fifty-two week 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.