Future Fund LLC Purchases 35,081 Shares of Chewy $CHWY

Future Fund LLC increased its holdings in Chewy (NYSE:CHWYFree Report) by 90.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,868 shares of the company’s stock after acquiring an additional 35,081 shares during the quarter. Future Fund LLC’s holdings in Chewy were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHWY. CoreCap Advisors LLC increased its position in Chewy by 306.2% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 637 shares during the period. Harbour Investments Inc. lifted its position in shares of Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock worth $30,000 after purchasing an additional 407 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Chewy in the 2nd quarter worth approximately $30,000. Los Angeles Capital Management LLC bought a new position in shares of Chewy during the fourth quarter valued at approximately $31,000. Finally, Modus Advisors LLC bought a new position in shares of Chewy during the fourth quarter valued at approximately $34,000. 93.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chewy

In other news, CEO Sumit Singh sold 83,306 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $25.60, for a total transaction of $2,132,633.60. Following the transaction, the chief executive officer directly owned 874,061 shares of the company’s stock, valued at approximately $22,375,961.60. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Da-Wai Hu sold 4,203 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $19.49, for a total value of $81,916.47. Following the sale, the general counsel owned 4,103 shares of the company’s stock, valued at approximately $79,967.47. This represents a 50.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 91,729 shares of company stock worth $2,322,582 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHWY shares. Barclays reduced their price objective on shares of Chewy from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Zacks Research cut Chewy from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 25th. Wedbush cut their price target on Chewy from $42.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Piper Sandler set a $30.00 price target on Chewy in a research report on Wednesday, June 10th. Finally, Wall Street Zen cut Chewy from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.05.

Get Our Latest Analysis on CHWY

Chewy Stock Down 3.0%

NYSE CHWY opened at $20.88 on Friday. Chewy has a 52 week low of $17.40 and a 52 week high of $43.50. The company has a 50 day moving average price of $20.35 and a 200 day moving average price of $25.07. The firm has a market cap of $8.55 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.

Chewy Company Profile

(Free Report)

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.

See Also

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Institutional Ownership by Quarter for Chewy (NYSE:CHWY)

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