Wedbush Securities Inc. Decreases Position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF)

Wedbush Securities Inc. decreased its position in Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,605 shares of the company’s stock after selling 15,238 shares during the period. Wedbush Securities Inc.’s holdings in Petco Health and Wellness were worth $216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WOOF. FMR LLC raised its stake in shares of Petco Health and Wellness by 170.9% in the third quarter. FMR LLC now owns 1,521,516 shares of the company’s stock valued at $6,923,000 after buying an additional 959,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Petco Health and Wellness by 11.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 324,413 shares of the company’s stock valued at $1,476,000 after acquiring an additional 34,198 shares during the period. Quadrature Capital Ltd bought a new stake in Petco Health and Wellness in the 3rd quarter valued at about $58,000. XTX Topco Ltd purchased a new stake in Petco Health and Wellness during the third quarter valued at about $602,000. Finally, Geode Capital Management LLC boosted its position in Petco Health and Wellness by 9.2% during the third quarter. Geode Capital Management LLC now owns 2,212,292 shares of the company’s stock worth $10,068,000 after purchasing an additional 186,230 shares during the period.

Petco Health and Wellness Stock Up 0.9 %

Shares of NASDAQ:WOOF opened at $3.28 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of -8.20 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.22 and a current ratio of 0.84. Petco Health and Wellness Company, Inc. has a 52-week low of $1.41 and a 52-week high of $6.29. The firm has a fifty day moving average of $2.84 and a 200 day moving average of $3.81.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WOOF shares. Citigroup dropped their price target on shares of Petco Health and Wellness from $5.00 to $2.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Wedbush cut their price target on Petco Health and Wellness from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group lifted their price target on Petco Health and Wellness from $4.00 to $4.48 and gave the company a “buy” rating in a research report on Thursday, March 27th. UBS Group dropped their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Finally, StockNews.com raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $4.11.

Petco Health and Wellness Profile

Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.