Teachers Advisors LLC held its stake in Chegg Inc (NYSE:CHGG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,110 shares of the technology company’s stock at the end of the fourth quarter. Teachers Advisors LLC owned approximately 0.14% of Chegg worth $968,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its position in shares of Chegg by 83.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 23,747 shares of the technology company’s stock worth $175,000 after buying an additional 10,804 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Chegg by 16.3% in the fourth quarter. Boothbay Fund Management LLC now owns 27,529 shares of the technology company’s stock valued at $203,000 after buying an additional 3,859 shares during the period. Trexquant Investment LP boosted its position in Chegg by 64.1% in the fourth quarter. Trexquant Investment LP now owns 27,894 shares of the technology company’s stock valued at $206,000 after buying an additional 10,898 shares during the period. A.R.T. Advisors LLC purchased a new position in Chegg during the fourth quarter valued at $446,000. Finally, G2 Investment Partners Management LLC purchased a new position in Chegg during the third quarter valued at $1,262,000. 67.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Chegg Inc (NYSE:CHGG) opened at 12.38 on Tuesday. Chegg Inc has a 52-week low of $4.57 and a 52-week high of $12.59. The company’s market cap is $1.17 billion. The stock has a 50 day moving average of $10.77 and a 200 day moving average of $8.59.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Chegg from a “sell” rating to a “hold” rating in a report on Friday. First Analysis boosted their price target on shares of Chegg from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, May 22nd. Zacks Investment Research upgraded shares of Chegg from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $12.00 price target (up from $10.00) on shares of Chegg in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC lifted their price objective on shares of Chegg from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $11.08. In other Chegg news, insider Nathan J. Schultz sold 76,380 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $10.73, for a total transaction of $819,557.40. Following the sale, the insider now owns 547,079 shares in the company, valued at approximately $5,870,157.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan J. Schultz sold 45,828 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $9.10, for a total transaction of $417,034.80. Following the sale, the insider now owns 643,157 shares in the company, valued at approximately $5,852,728.70. The disclosure for this sale can be found here. In the last three months, insiders sold 252,763 shares of company stock worth $2,800,540. 18.00% of the stock is currently owned by insiders.
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