Schechter Investment Advisors LLC acquired a new stake in Chegg, Inc. (NYSE:CHGG – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the technology company’s stock, valued at approximately $161,000. Schechter Investment Advisors LLC owned approximately 0.10% of Chegg as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Chegg by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 437,199 shares of the technology company’s stock worth $704,000 after purchasing an additional 58,452 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Chegg during the fourth quarter worth about $31,000. Private Advisor Group LLC purchased a new stake in shares of Chegg during the fourth quarter worth about $82,000. Empowered Funds LLC increased its stake in shares of Chegg by 5.1% during the fourth quarter. Empowered Funds LLC now owns 391,294 shares of the technology company’s stock worth $630,000 after purchasing an additional 18,860 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Chegg during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.
Chegg Stock Performance
NYSE:CHGG opened at $0.87 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $91.34 million, a price-to-earnings ratio of -0.11 and a beta of 1.41. The company’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.75. Chegg, Inc. has a 1-year low of $0.86 and a 1-year high of $8.41.
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Chegg Company Profile
Chegg, Inc operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside.
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