Chegg INC (CHGG) Holder Sylebra Hk Company LTD Trimmed Its Position as Stock Rose

August 9, 2018 - By Margaret Guttierez

Chegg, Inc. (NYSE:CHGG) LogoInvestors sentiment decreased to 1.09 in Q1 2018. Its down 0.46, from 1.55 in 2017Q4. It dropped, as 12 investors sold CHGG shares while 66 reduced holdings. 43 funds opened positions while 42 raised stakes. 115.68 million shares or 3.26% more from 112.03 million shares in 2017Q4 were reported. Cubist Systematic Strategies Limited Liability stated it has 0.08% in Chegg, Inc. (NYSE:CHGG). Metropolitan Life Insur Co New York holds 30,882 shares. Thompson Davis Communications holds 0.52% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 9,625 shares. Oppenheimer Asset Management reported 22,654 shares. G2 Prtnrs Mgmt Llc has 1.5% invested in Chegg, Inc. (NYSE:CHGG). 72,400 were reported by Weiss Asset Limited Partnership. Pier Capital Ltd Liability Company has 292,515 shares for 1.03% of their portfolio. 659,616 were reported by Act Ii Mgmt L P. Columbus Circle Investors stated it has 0.57% of its portfolio in Chegg, Inc. (NYSE:CHGG). Nbw Cap Lc holds 0.51% or 78,328 shares. Spark Mgmt Limited Liability stated it has 0.11% in Chegg, Inc. (NYSE:CHGG). Moreover, Brighton Jones Ltd has 0.13% invested in Chegg, Inc. (NYSE:CHGG) for 44,948 shares. Schwab Charles Investment Mngmt Inc holds 0.01% or 431,541 shares. 1.14 million were reported by Northern Tru Corp. Price T Rowe Assoc Inc Md owns 6.99 million shares.

Since February 13, 2018, it had 0 buys, and 30 selling transactions for $52.62 million activity. HOUSENBOLD JEFFREY T sold 49,607 shares worth $1.09 million. $334,122 worth of stock was sold by York John E. on Friday, June 1. Shares for $3.28 million were sold by ROSENSWEIG DANIEL. Schultz Nathan J. also sold $112,268 worth of Chegg, Inc. (NYSE:CHGG) on Friday, May 18. 107,636 Chegg, Inc. (NYSE:CHGG) shares with value of $2.00M were sold by Osier Michael A.. $303,900 worth of stock was sold by BORDERS DAVE JR. on Sunday, April 1.

Sylebra Hk Company Ltd decreased its stake in Chegg Inc (CHGG) by 2.77% based on its latest 2018Q1 regulatory filing with the SEC. Sylebra Hk Company Ltd sold 192,360 shares as the company’s stock rose 32.94% while stock markets declined. The institutional investor held 6.76M shares of the consumer services company at the end of 2018Q1, valued at $139.76M, down from 6.96M at the end of the previous reported quarter. Sylebra Hk Company Ltd who had been investing in Chegg Inc for a number of months, seems to be less bullish one the $3.26B market cap company. The stock increased 2.47% or $0.69 during the last trading session, reaching $28.62. About 313,570 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 125.55% since August 9, 2017 and is uptrending. It has outperformed by 112.98% the S&P500.

Analysts await Chegg, Inc. (NYSE:CHGG) to report earnings on October, 29. They expect $-0.07 EPS, up 12.50 % or $0.01 from last year’s $-0.08 per share. After $0.03 actual EPS reported by Chegg, Inc. for the previous quarter, Wall Street now forecasts -333.33 % negative EPS growth.

More recent Chegg, Inc. (NYSE:CHGG) news were published by: which released: “Chegg, Inc (CHGG) CEO Dan Rosensweig on Q2 2018 Results – Earnings Call Transcript” on July 31, 2018. Also published the news titled: “After-Hours Stock Movers 07/30: (MX) (MEDP) (CHGG) Higher; (HLIT) (VRNS) (TXRH) Lower (more…)” on July 30, 2018.‘s news article titled: “Chegg Subscriber Numbers Continue to Balloon” with publication date: August 02, 2018 was also an interesting one.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

Among 9 analysts covering Chegg (NYSE:CHGG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Chegg had 15 analyst reports since February 13, 2018 according to SRatingsIntel. The stock has “Hold” rating by Raymond James on Friday, April 27. The firm earned “Neutral” rating on Tuesday, March 13 by Citigroup. The rating was maintained by Citigroup with “Neutral” on Tuesday, July 31. The company was maintained on Tuesday, February 13 by JP Morgan. The company was maintained on Monday, April 30 by Citigroup. The firm has “Hold” rating given on Friday, April 27 by Craig Hallum. Morgan Stanley maintained Chegg, Inc. (NYSE:CHGG) on Friday, April 27 with “Equal-Weight” rating. The firm has “Buy” rating given on Friday, June 22 by Barrington. BMO Capital Markets maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, April 10. BMO Capital Markets has “Buy” rating and $2600 target. The stock has “Hold” rating by Jefferies on Thursday, June 21.

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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