Bridgewater Associates LP Invests $1.15 Million in Chewy, Inc. (NYSE:CHWY)

Bridgewater Associates LP bought a new position in Chewy, Inc. (NYSE:CHWY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 39,229 shares of the company’s stock, valued at approximately $1,149,000.

Other large investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in Chewy in the 2nd quarter worth about $11,916,000. Cetera Advisors LLC bought a new position in Chewy in the 1st quarter worth about $334,000. Sanctuary Advisors LLC bought a new position in Chewy in the 2nd quarter worth about $673,000. Eagle Asset Management Inc. boosted its stake in Chewy by 97.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,972,136 shares of the company’s stock worth $60,485,000 after purchasing an additional 975,647 shares during the period. Finally, Marshall Wace LLP boosted its stake in Chewy by 1,028.6% in the 2nd quarter. Marshall Wace LLP now owns 2,892,841 shares of the company’s stock worth $78,801,000 after purchasing an additional 2,636,526 shares during the period. Institutional investors own 93.09% of the company’s stock.

Chewy Stock Up 0.2 %

NYSE CHWY opened at $33.41 on Monday. The stock’s 50 day moving average is $30.16 and its 200 day moving average is $26.75. Chewy, Inc. has a twelve month low of $14.69 and a twelve month high of $39.10. The firm has a market capitalization of $13.97 billion, a PE ratio of 40.74, a P/E/G ratio of 3.13 and a beta of 1.06.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

CHWY has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on Chewy from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on Chewy from $28.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Chewy in a report on Wednesday, October 23rd. Barclays raised their price target on Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, UBS Group raised their price objective on Chewy from $21.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Chewy currently has an average rating of “Moderate Buy” and a consensus price target of $32.35.

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.