Dimensional Fund Advisors LP maintained its stake in shares of Chegg, Inc. (NYSE:CHGG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,500 shares of the technology company’s stock at the close of the second quarter. Dimensional Fund Advisors LP’s holdings in Chegg were worth $326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EAM Investors LLC acquired a new position in shares of Chegg in the 2nd quarter valued at about $1,176,000. Parametric Portfolio Associates LLC raised its stake in Chegg by 4.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,058 shares of the technology company’s stock worth $554,000 after buying an additional 1,823 shares during the period. California Public Employees Retirement System acquired a new position in Chegg during the 2nd quarter worth approximately $408,000. Vanguard Group Inc. raised its stake in Chegg by 22.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,232,947 shares of the technology company’s stock worth $39,733,000 after buying an additional 597,063 shares during the period. Finally, Northern Trust Corp raised its stake in Chegg by 9.8% during the 2nd quarter. Northern Trust Corp now owns 924,141 shares of the technology company’s stock worth $11,358,000 after buying an additional 82,434 shares during the period.

In other Chegg news, insider Michael A. Osier sold 200,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $15.25, for a total transaction of $3,050,000.00. Following the completion of the transaction, the insider now directly owns 653,061 shares of the company’s stock, valued at $9,959,180.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles Geiger sold 50,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $14.53, for a total value of $726,500.00. Following the transaction, the insider now directly owns 561,500 shares of the company’s stock, valued at $8,158,595. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 645,154 shares of company stock valued at $9,466,299. 20.40% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on CHGG. Citigroup began coverage on Chegg in a research note on Monday, November 20th. They set a “buy” rating and a $19.00 price target on the stock. BidaskClub downgraded Chegg from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised Chegg from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. J P Morgan Chase & Co boosted their price objective on Chegg from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, Northland Securities reissued a “buy” rating and set a $18.00 price objective on shares of Chegg in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Chegg has a consensus rating of “Buy” and an average target price of $15.42.

Chegg, Inc. (NYSE:CHGG) opened at $14.61 on Thursday. Chegg, Inc. has a twelve month low of $6.84 and a twelve month high of $16.50.

Chegg (NYSE:CHGG) last released its earnings results on Monday, October 30th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $62.60 million during the quarter, compared to analyst estimates of $57.75 million. Chegg had a negative return on equity of 5.06% and a negative net margin of 10.40%. Chegg’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) earnings per share. research analysts forecast that Chegg, Inc. will post -0.09 EPS for the current fiscal year.

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About Chegg

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.

Institutional Ownership by Quarter for Chegg (NYSE:CHGG)

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