Liberty One Investment Management LLC Raises Stock Holdings in Chewy, Inc. (NYSE:CHWY)

Liberty One Investment Management LLC increased its position in Chewy, Inc. (NYSE:CHWY) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,483 shares of the company’s stock after acquiring an additional 1,241 shares during the period. Liberty One Investment Management LLC’s holdings in Chewy were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd acquired a new stake in Chewy during the 2nd quarter worth about $28,000. Quarry LP grew its position in shares of Chewy by 120.2% during the 1st quarter. Quarry LP now owns 874 shares of the company’s stock valued at $33,000 after acquiring an additional 477 shares during the period. Headinvest LLC acquired a new stake in shares of Chewy during the 3rd quarter valued at about $39,000. Ossiam grew its position in shares of Chewy by 104.1% during the 1st quarter. Ossiam now owns 2,263 shares of the company’s stock valued at $85,000 after acquiring an additional 1,154 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Chewy by 47.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock valued at $90,000 after acquiring an additional 835 shares during the period. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Insider Activity

In other news, CEO Sumit Singh sold 192,642 shares of Chewy 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 $3,409,763.40. Following the sale, the chief executive officer now owns 1,307,025 shares of the company’s stock, valued at approximately $23,134,342.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Sumit Singh sold 192,642 shares of Chewy 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 $3,409,763.40. Following the sale, the chief executive officer now owns 1,307,025 shares of the company’s stock, valued at approximately $23,134,342.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Satish Mehta sold 40,523 shares of Chewy 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 sale, the chief technology officer now directly owns 557,058 shares in the company, valued at approximately $9,859,926.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 250,169 shares of company stock valued at $4,396,079. 2.10% of the stock is currently owned by company insiders.

Chewy Price Performance

CHWY opened at $17.40 on Thursday. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 217.50, a price-to-earnings-growth ratio of 8.76 and a beta of 0.90. The company’s 50 day simple moving average is $16.92 and its two-hundred day simple moving average is $18.75. Chewy, Inc. has a 1-year low of $15.08 and a 1-year high of $40.78.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHWY. The Goldman Sachs Group dropped their target price on Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Piper Sandler lowered their price objective on Chewy from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Wedbush reiterated an “outperform” rating and issued a $25.00 price objective on shares of Chewy in a report on Thursday, March 21st. Barclays upgraded Chewy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $30.00 in a report on Thursday, January 11th. Finally, Mizuho began coverage on Chewy in a report on Tuesday, March 19th. They issued a “neutral” rating and a $18.00 price objective on the stock. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.64.

About Chewy

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.