Shareholder G2 Investment Partners Management Has Raised Chegg (CHGG) Stake; Cumberland Partners LTD Maintains Stake in Toronto Dominion Bank (TD)

February 15, 2018 - By Peter Erickson

Josh Goldberg increased its stake in Chegg Inc (CHGG) by 18.6% based on its latest 2017Q3 regulatory filing with the SEC. G2 Investment Partners Management Llc bought 61,700 shares as the company’s stock rose 43.03% with the market. The hedge fund run by Josh Goldberg held 393,446 shares of the consumer services company at the end of 2017Q3, valued at $5.84M, up from 331,746 at the end of the previous reported quarter. G2 Investment Partners Management Llc who had been investing in Chegg Inc for a number of months, seems to be bullish on the $2.10 billion market cap company. The stock increased 1.00% or $0.19 during the last trading session, reaching $19.18. About 1.29M shares traded or 38.45% up from the average. Chegg, Inc. (NYSE:CHGG) has risen 163.16% since February 15, 2017 and is uptrending. It has outperformed by 146.46% the S&P500.

Andrew Wallach increased its stake in Toronto Dominion Bank (TD) by 8.48% based on its latest 2017Q3 regulatory filing with the SEC. Cumberland Partners Ltd bought 52,866 shares as the company’s stock declined 12.05% while stock markets rallied. The hedge fund run by Andrew Wallach held 676,555 shares of the commercial banks company at the end of 2017Q3, valued at $37.99M, up from 623,689 at the end of the previous reported quarter. Cumberland Partners Ltd who had been investing in Toronto Dominion Bank for a number of months, seems to be bullish on the $105.30B market cap company. The stock increased 0.31% or $0.18 during the last trading session, reaching $58.05. About 610,347 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since February 15, 2017 and is uptrending. It has underperformed by 8.03% the S&P500.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The company was downgraded on Monday, September 21 by Credit Suisse. The firm has “Outperform” rating by BMO Capital Markets given on Monday, August 31. The firm earned “Sector Performer” rating on Friday, August 26 by IBC. The rating was upgraded by National Bank Canada on Friday, September 1 to “Outperform”. Barclays Capital upgraded The Toronto-Dominion Bank (NYSE:TD) on Tuesday, May 23 to “Equal-Weight” rating. Citigroup maintained the stock with “Buy” rating in Wednesday, September 14 report. The firm has “Sector Perform” rating given on Monday, March 13 by RBC Capital Markets. The rating was initiated by Bank of America with “Buy” on Tuesday, November 1. The firm has “Buy” rating given on Tuesday, January 30 by Bank of America. The stock of The Toronto-Dominion Bank (NYSE:TD) earned “Outperform” rating by Credit Suisse on Tuesday, May 3.

Cumberland Partners Ltd, which manages about $742.28 million US Long portfolio, decreased its stake in Lyondellbasell Indus A Nv (NYSE:LYB) by 4,425 shares to 201,330 shares, valued at $19.94 million in 2017Q3, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 12,650 shares in the quarter, leaving it with 57,483 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Among 13 analysts covering Chegg Inc (NYSE:CHGG), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Chegg Inc had 37 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, July 26 by Lake Street. Lake Street maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, November 8. Lake Street has “Buy” rating and $9 target. The stock has “Buy” rating by Jefferies on Wednesday, September 6. The firm earned “Buy” rating on Monday, January 8 by Northland Capital. Jefferies maintained the shares of CHGG in report on Wednesday, June 21 with “Buy” rating. The rating was maintained by Lake Street on Tuesday, May 2 with “Buy”. The firm has “Overweight” rating by JP Morgan given on Wednesday, November 1. As per Wednesday, January 17, the company rating was maintained by BMO Capital Markets. Jefferies maintained it with “Buy” rating and $20.0 target in Tuesday, October 31 report. BMO Capital Markets maintained it with “Buy” rating and $18.0 target in Thursday, August 31 report.

G2 Investment Partners Management Llc, which manages about $585.42M and $252.40 million US Long portfolio, decreased its stake in Tower Semiconductor Ltd (NASDAQ:TSEM) by 121,100 shares to 77,897 shares, valued at $2.40M in 2017Q3, according to the filing. It also reduced its holding in Five9 Inc (Put) (NASDAQ:FIVN) by 191,825 shares in the quarter, leaving it with 25,000 shares, and cut its stake in Five9 Inc (NASDAQ:FIVN).

Investors sentiment decreased to 1.89 in Q3 2017. Its down 0.82, from 2.71 in 2017Q2. It dropped, as 26 investors sold CHGG shares while 27 reduced holdings. 34 funds opened positions while 66 raised stakes. 102.60 million shares or 21.13% more from 84.70 million shares in 2017Q2 were reported. Natixis invested in 11,883 shares. Credit Agricole S A holds 0% or 30,000 shares in its portfolio. S Squared Limited holds 334,196 shares. Price T Rowe Inc Md invested in 0.02% or 9.29 million shares. Granahan Investment Mgmt Incorporated Ma owns 714,949 shares for 0.88% of their portfolio. American Interest Incorporated owns 63,166 shares. Clearbridge Limited Company owns 678,487 shares for 0.01% of their portfolio. Macquarie Grp has invested 0% in Chegg, Inc. (NYSE:CHGG). Raymond James Fincl Service Advisors Incorporated stated it has 0% in Chegg, Inc. (NYSE:CHGG). Summit Creek Advsrs Lc has invested 0.5% in Chegg, Inc. (NYSE:CHGG). Geode Capital Mgmt Lc reported 679,312 shares or 0% of all its holdings. Castleark Mngmt Limited Liability Corp accumulated 1.00M shares. Legal & General Group Public Ltd Co holds 0% or 24,059 shares. Lord Abbett And Company Ltd Limited Liability Company has 0.13% invested in Chegg, Inc. (NYSE:CHGG) for 3.06 million shares. 97,033 were reported by Rhumbline Advisers.

Since August 15, 2017, it had 0 buys, and 14 selling transactions for $9.93 million activity. On Wednesday, December 13 ROSENSWEIG DANIEL sold $6,224 worth of Chegg, Inc. (NYSE:CHGG) or 389 shares. GEIGER CHARLES also sold $764,000 worth of Chegg, Inc. (NYSE:CHGG) shares. On Wednesday, December 13 BRANDEMUEHL JENNY sold $783,500 worth of Chegg, Inc. (NYSE:CHGG) or 50,000 shares. On Tuesday, January 2 the insider Lem Esther sold $502,980. Shares for $472,714 were sold by Osier Michael A..

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