PNC Financial Services Group Inc. Has $189,000 Stake in Chewy, Inc. (NYSE:CHWY)

PNC Financial Services Group Inc. raised its position in Chewy, Inc. (NYSE:CHWY) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,650 shares of the company’s stock after purchasing an additional 450 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Chewy were worth $189,000 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 modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Chewy by 9.8% in the 4th quarter. Bank of New York Mellon Corp now owns 4,489,237 shares of the company’s stock valued at $150,345,000 after purchasing an additional 399,330 shares during the period. FMR LLC increased its position in Chewy by 166.8% during the third quarter. FMR LLC now owns 3,995,329 shares of the company’s stock worth $117,023,000 after buying an additional 2,497,689 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in Chewy by 5.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 2,765,931 shares of the company’s stock worth $81,014,000 after buying an additional 138,768 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Chewy in the fourth quarter valued at approximately $69,789,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Chewy by 134.3% in the fourth quarter. Allianz Asset Management GmbH now owns 1,620,809 shares of the company’s stock valued at $54,281,000 after buying an additional 929,116 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHWY shares. Needham & Company LLC reissued a “hold” rating on shares of Chewy in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Chewy from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. UBS Group raised their target price on shares of Chewy from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley upped their price target on shares of Chewy from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chewy currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.95.

Chewy Stock Performance

Shares of NYSE CHWY opened at $33.86 on Monday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 37.21, a PEG ratio of 2.21 and a beta of 1.23. The stock’s fifty day moving average is $36.25 and its 200 day moving average is $33.03. Chewy, Inc. has a 52 week low of $14.69 and a 52 week high of $40.09.

Insider Buying and Selling at Chewy

In other Chewy news, CEO Sumit Singh sold 9,285 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $40.00, for a total value of $371,400.00. Following the sale, the chief executive officer now owns 489,750 shares of the company’s stock, valued at approximately $19,590,000. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Satish Mehta sold 71,365 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $35.60, for a total value of $2,540,594.00. Following the transaction, the chief technology officer now directly owns 262,853 shares of the company’s stock, valued at $9,357,566.80. This trade represents a 21.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,726,333 shares of company stock valued at $312,843,856 in the last ninety days. 2.10% of the stock is currently owned by company 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.