Chegg, Inc. (CHGG) Holdings Raised by Westfield Capital Management Co. LP
Westfield Capital Management Co. LP boosted its stake in shares of Chegg, Inc. (NYSE:CHGG) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 853,035 shares of the technology company’s stock after purchasing an additional 8,985 shares during the quarter. Westfield Capital Management Co. LP owned about 0.79% of Chegg worth $12,659,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CHGG. PNC Financial Services Group Inc. bought a new stake in shares of Chegg in the second quarter valued at approximately $104,000. Great West Life Assurance Co. Can boosted its position in shares of Chegg by 106.2% in the third quarter. Great West Life Assurance Co. Can now owns 7,359 shares of the technology company’s stock valued at $108,000 after acquiring an additional 3,790 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Chegg by 1,829.9% in the second quarter. BNP Paribas Arbitrage SA now owns 9,051 shares of the technology company’s stock valued at $111,000 after acquiring an additional 8,582 shares during the period. Stifel Financial Corp bought a new stake in shares of Chegg in the second quarter valued at approximately $116,000. Finally, Bank of America Corp DE boosted its position in shares of Chegg by 29.0% in the first quarter. Bank of America Corp DE now owns 14,267 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,205 shares during the period.
Chegg, Inc. (NYSE:CHGG) opened at $14.48 on Wednesday. Chegg, Inc. has a 12 month low of $6.84 and a 12 month high of $16.50.
In other Chegg news, CEO Daniel Rosensweig sold 200,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $14.03, for a total transaction of $2,806,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael A. Osier sold 114,928 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $14.69, for a total value of $1,688,292.32. Following the transaction, the insider now owns 591,902 shares of the company’s stock, valued at $8,695,040.38. The disclosure for this sale can be found here. Insiders sold 635,154 shares of company stock valued at $9,322,699 over the last 90 days. 20.40% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently weighed in on the company. First Analysis cut Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective for the company. in a research report on Tuesday, October 31st. BidaskClub raised Chegg from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co increased their price objective on Chegg from $15.00 to $18.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Northland Securities restated a “buy” rating and issued a $18.00 target price on shares of Chegg in a research note on Wednesday, November 1st. Finally, Barrington Research restated an “outperform” rating and issued a $19.00 target price (up from $17.00) on shares of Chegg in a research note on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.42.
COPYRIGHT VIOLATION NOTICE: “Chegg, Inc. (CHGG) Holdings Raised by Westfield Capital Management Co. LP” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/12/06/chegg-inc-chgg-holdings-raised-by-westfield-capital-management-co-lp.html.
Chegg Company Profile
Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.
Want to see what other hedge funds are holding CHGG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chegg, Inc. (NYSE:CHGG).
Receive News & Stock Ratings for Chegg Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chegg Inc. and related stocks with our FREE daily email newsletter.