Boston Partners reduced its position in Chegg, Inc. (NYSE:CHGG – Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,075,135 shares of the technology company’s stock after selling 14,565 shares during the quarter. Boston Partners’ holdings in Chegg were worth $8,041,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in shares of Chegg by 8.3% during the 4th quarter. Vontobel Holding Ltd. now owns 55,128 shares of the technology company’s stock valued at $626,000 after buying an additional 4,240 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Chegg by 123.1% during the fourth quarter. Mackenzie Financial Corp now owns 141,400 shares of the technology company’s stock valued at $1,606,000 after purchasing an additional 78,024 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Chegg by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,595 shares of the technology company’s stock worth $473,000 after purchasing an additional 2,500 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Chegg by 229.8% in the 4th quarter. Federated Hermes Inc. now owns 1,254,339 shares of the technology company’s stock worth $14,249,000 after purchasing an additional 873,984 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Chegg during the 4th quarter valued at approximately $694,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
Chegg Price Performance
Shares of NYSE:CHGG traded down $0.18 during trading on Friday, reaching $3.00. The company had a trading volume of 3,530,676 shares, compared to its average volume of 3,725,824. The firm’s fifty day moving average is $3.23 and its 200 day moving average is $6.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $306.66 million, a PE ratio of -15.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.35. Chegg, Inc. has a twelve month low of $2.53 and a twelve month high of $13.11.
Analyst Ratings Changes
Read Our Latest Stock Report on CHGG
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.
See Also
- Five stocks we like better than Chegg
- Canadian Penny Stocks: Can They Make You Rich?
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- How Investors Can Find the Best Cheap Dividend Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- What Do S&P 500 Stocks Tell Investors About the Market?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
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 – Free Report).
Receive News & Ratings for Chegg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chegg and related companies with MarketBeat.com's FREE daily email newsletter.