Sylebra Hk Company LTD Cut Its Chegg INC (CHGG) Stake by $3.40 Million

October 11, 2018 - By olga

Chegg, Inc. (NYSE:CHGG) LogoInvestors sentiment decreased to 0.91 in 2018 Q2. Its down 0.18, from 1.09 in 2018Q1. It worsened, as 28 investors sold CHGG shares while 66 reduced holdings. 37 funds opened positions while 49 raised stakes. 114.32 million shares or 1.18% less from 115.68 million shares in 2018Q1 were reported. Panagora Asset Mngmt holds 0% in Chegg, Inc. (NYSE:CHGG) or 755 shares. Tower Rech Cap Ltd (Trc) holds 0% or 849 shares in its portfolio. Stephens Invest Mgmt Gp Limited Liability has invested 0.41% of its portfolio in Chegg, Inc. (NYSE:CHGG). First Republic Investment Management Inc accumulated 9,768 shares. Artemis Invest Llp, United Kingdom-based fund reported 408,888 shares. Daiwa Securities Grp Inc Inc accumulated 4,450 shares. Metropolitan Life New York holds 0% or 34,346 shares. Jpmorgan Chase Company, a New York-based fund reported 442,316 shares. Kbc Grp Incorporated Nv accumulated 95,308 shares. Engineers Gate Manager Limited Partnership invested in 127,045 shares or 0.28% of the stock. Columbus Circle Invsts owns 1.31M shares for 0.75% of their portfolio. Timessquare Capital Mngmt Ltd Com stated it has 0.42% of its portfolio in Chegg, Inc. (NYSE:CHGG). Great West Life Assurance Can accumulated 11,201 shares. Sei Invests holds 62,903 shares or 0.01% of its portfolio. United Kingdom-based Legal & General Public Ltd Co has invested 0% in Chegg, Inc. (NYSE:CHGG).

Since April 16, 2018, it had 0 insider purchases, and 19 selling transactions for $39.20 million activity. BROWN ANDREW J had sold 200,000 shares worth $5.01 million on Tuesday, May 8. York John E. sold 25,000 shares worth $727,500. Lem Esther sold $601,050 worth of stock. HOUSENBOLD JEFFREY T had sold 40,000 shares worth $1.11M. Shares for $416,550 were sold by BORDERS DAVE JR.. The insider ROSENSWEIG DANIEL sold 150,000 shares worth $3.28 million.

Sylebra Hk Company Ltd decreased its stake in Chegg Inc (CHGG) by 1.86% based on its latest 2018Q2 regulatory filing with the SEC. Sylebra Hk Company Ltd sold 125,965 shares as the company’s stock rose 10.39% with the market. The institutional investor held 6.64M shares of the consumer services company at the end of 2018Q2, valued at $184.49M, down from 6.76M 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 $2.92 billion market cap company. The stock decreased 1.46% or $0.38 during the last trading session, reaching $25.59. About 280,589 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 111.57% since October 11, 2017 and is uptrending. It has outperformed by 95.95% the S&P500.

Sylebra Hk Company Ltd, which manages about $1.66 billion US Long portfolio, upped its stake in Pagseguro Digital Ltd by 3.11M shares to 4.25M shares, valued at $117.91M in 2018Q2, according to the filing. It also increased its holding in Momo Inc by 1.02M shares in the quarter, for a total of 1.55 million shares, and has risen its stake in Carvana Co.

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 notable recent Chegg, Inc. (NYSE:CHGG) news were published by: Fool.com which released: “What Chegg’s Database Breach Means for Its Stock” on September 27, 2018, also Globenewswire.com with their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TRCO CHGG MGTI HAS CPB and …” published on October 07, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: SKX PM USAT MCHP ABBV ALNY MGTI CPB CHGG ADNT: The Law Offices of Vincent …” on October 08, 2018. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Businesswire.com and their article: “CHGG LOSS NOTICE: Rosen Law Firm Reminds Chegg, Inc. Investors of Important Deadline in the Class Action” published on October 05, 2018 as well as Globenewswire.com‘s news article titled: “CLASS ACTION UPDATE for LCI and CHGG: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of …” with publication date: October 09, 2018.

Chegg, Inc. (NYSE:CHGG) Ratings Coverage

Among 7 analysts covering Chegg Inc (NYSE:CHGG), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Chegg Inc had 10 analyst reports since April 27, 2018 according to SRatingsIntel. The stock has “Hold” rating by Craig Hallum on Friday, April 27. Morgan Stanley maintained Chegg, Inc. (NYSE:CHGG) rating on Friday, April 27. Morgan Stanley has “Equal-Weight” rating and $24 target. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, August 1. The firm earned “Hold” rating on Friday, April 27 by Lake Street. The firm has “Neutral” rating given on Tuesday, July 31 by Citigroup. Citigroup maintained it with “Neutral” rating and $23.5 target in Monday, April 30 report. The stock has “Hold” rating by Raymond James on Friday, April 27. The firm has “Hold” rating given on Thursday, June 21 by Jefferies. On Friday, June 22 the stock rating was maintained by Barrington with “Buy”. Barrington maintained Chegg, Inc. (NYSE:CHGG) rating on Friday, April 27. Barrington has “Buy” rating and $2500 target.

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

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