Satish Mehta Sells 71,365 Shares of Chewy, Inc. (NYSE:CHWY) Stock

by · The Cerbat Gem

Chewy, Inc. (NYSE:CHWY – Get Free Report) CTO Satish Mehta sold 71,365 shares of Chewy stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the transaction, the chief technology officer now directly owns 262,853 shares of the company’s stock, valued at approximately $9,357,566.80. This trade represents a 21.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Satish Mehta also recently made the following trade(s):

  • On Thursday, January 30th, Satish Mehta sold 83,639 shares of Chewy stock. The shares were sold at an average price of $40.00, for a total value of $3,345,560.00.
  • On Monday, January 13th, Satish Mehta sold 168,105 shares of Chewy stock. The stock was sold at an average price of $36.32, for a total value of $6,105,573.60.

Chewy Trading Up 4.5 %

Shares of CHWY stock opened at $33.26 on Wednesday. The firm has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $32.74. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09. The firm has a market capitalization of $13.54 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23.

Analyst Ratings Changes

CHWY has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $37.00 price objective on shares of Chewy in a report on Monday, December 16th. UBS Group upped their target price on Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Barclays boosted their price target on Chewy from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Argus upgraded Chewy from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird boosted their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.30.

Read Our Latest Research Report on Chewy

Institutional Investors Weigh In On Chewy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Chewy by 31.8% in the 4th quarter. Vanguard Group Inc. now owns 14,484,717 shares of the company’s stock valued at $485,093,000 after acquiring an additional 3,493,926 shares in the last quarter. FMR LLC raised its stake 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. Durable Capital Partners LP bought a new position in shares of Chewy in the fourth quarter valued at approximately $79,050,000. Invesco Ltd. boosted its position in shares of Chewy by 4,577.5% during the fourth quarter. Invesco Ltd. now owns 2,191,146 shares of the company’s stock valued at $73,381,000 after buying an additional 2,144,302 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Chewy during the fourth quarter worth $69,789,000. 93.09% of the stock is owned by institutional investors.

Chewy Company Profile

(Get Free Report)

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.

Recommended Stories