Harbour Investments Inc. Sells 1,086 Shares of Chewy, Inc. (NYSE:CHWY)

Harbour Investments Inc. reduced its holdings in Chewy, Inc. (NYSE:CHWY) by 54.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900 shares of the company’s stock after selling 1,086 shares during the quarter. Harbour Investments Inc.’s holdings in Chewy were worth $30,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in shares of Chewy by 166.8% in the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after purchasing an additional 2,497,689 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Chewy in the 4th quarter worth $69,789,000. Wealthfront Advisers LLC purchased a new stake in shares of Chewy during the 4th quarter valued at $46,003,000. Allianz Asset Management GmbH lifted its holdings in shares of Chewy by 134.3% during the 4th quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company’s stock worth $54,281,000 after acquiring an additional 929,116 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Chewy in the third quarter worth $13,699,000. Hedge funds and other institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 0.4 %

Shares of Chewy stock opened at $34.01 on Tuesday. The company has a market cap of $13.85 billion, a PE ratio of 37.37, a P/E/G ratio of 2.21 and a beta of 1.23. The business has a 50 day moving average of $36.22 and a 200 day moving average of $33.08. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09.

Analyst Upgrades and Downgrades

CHWY has been the topic of a number of research reports. Robert W. Baird raised their price target on Chewy from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. JMP Securities reissued a “market outperform” rating and set a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. BNP Paribas lowered Chewy from an “outperform” rating to a “neutral” rating in a research note on Thursday, December 5th. Wedbush reissued an “outperform” rating and set a $39.00 price target on shares of Chewy in a research note on Monday, March 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Chewy currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.95.

Insiders Place Their Bets

In other news, CEO Sumit Singh sold 191,096 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $35.68, for a total value of $6,818,305.28. Following the completion of the transaction, the chief executive officer now owns 707,126 shares of the company’s stock, valued at approximately $25,230,255.68. This represents a 21.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.60, for a total value of $2,540,594.00. Following the sale, the chief technology officer now owns 262,853 shares in the company, valued at $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. In the last ninety days, insiders sold 8,655,172 shares of company stock worth $310,353,221. 2.10% of the stock is currently owned by corporate insiders.

Chewy Company 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.