According to the most recent SEC filing submitted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd., during the third quarter of 2018, the company sold off 9.8 percent of its holdings in Chewy, Inc. (NYSE: CHWY). The fund had a total holding of 224,260 shares of the company’s stock before the transaction, which resulted in the sale of 24,500 of those shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reported ownership of approximately 0.05% of Chewy in its most recent filing with the SEC. At the time of the filing, the value of the shares was $6,889,000.
The amount of the company’s stock that hedge funds and other institutional investors held in their portfolios was recently adjusted due to recent market events. During the second quarter of the fiscal year, Clearstead Advisors LLC acquired a 27.2% larger stake in Chewy than it did previously. After purchasing an additional 236 shares during the most recent quarter, Clearstead Advisors LLC now has 1,103 shares of the company’s stock, which is $38,000. This brings the total number of shares owned by the firm to 1,103. James Investment Research Inc. made a purchase of Chewy stock that was worth $34,000 during the third quarter of the fiscal year. Prospera Financial Services Inc. raised the percentage of ownership it held in Chewy to 43.6% during the second quarter of the fiscal year. The most recent quarter saw Prospera Financial Services Inc. acquire an additional 368 shares of the company’s stock, bringing the total number of shares owned by the company to 1,212, with a value of approximately $42,000. A donation of $45,000 was made to Chewy by Harbor Investment Advisory LLC during the second quarter of the fiscal year. And finally, during the third quarter, Fifth Third Bancorp increased the proportion of Chewy stock owned by a value equivalent to 24.7%. Following purchasing an additional 268 shares during the most recent quarter, Fifth Third Bancorp is now the owner of 1,353 shares in the company. These shares have a value of $42,000 thanks to the fact that they were acquired during the most recent quarter. Institutional investors own most of the company’s shares, which amounts to 99.05% of the total.
The CHWY has been the principal topic of discussion in most recently published analyst reports. On Thursday, October 6, Oppenheimer began providing coverage for Chewy shares in their investment research coverage. They have assigned an “outperform” rating to the stock in anticipation of its share price rising to $42.00 shortly. Barclays increased its price objective on Chewy from thirty to thirty-five dollars in a research report made available to the general public on Friday, December 9. The “equal weight” rating was another of the firm’s company evaluations. The price objective that Robert W. Baird has set for Chewy has increased from