Troy Asset Management LTD Has Lifted Its Ebay (EBAY) Position; Ashford Capital Management Has Upped Its Holding in Chegg (CHGG) as Stock Value Rose

April 22, 2018 - By Lawrence Diaz

Chegg, Inc. (NYSE:CHGG) Logo

Ashford Capital Management Inc increased its stake in Chegg Inc. (CHGG) by 1.96% based on its latest 2017Q4 regulatory filing with the SEC. Ashford Capital Management Inc bought 45,022 shares as the company’s stock rose 31.43% while stock markets declined. The hedge fund held 2.34 million shares of the consumer services company at the end of 2017Q4, valued at $38.26 million, up from 2.30 million at the end of the previous reported quarter. Ashford Capital Management Inc who had been investing in Chegg Inc. for a number of months, seems to be bullish on the $2.47 billion market cap company. The stock decreased 3.35% or $0.78 during the last trading session, reaching $22.5. About 1.35 million shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.02% since April 22, 2017 and is uptrending. It has outperformed by 151.47% the S&P500.

Troy Asset Management Ltd increased its stake in Ebay Inc (EBAY) by 3.02% based on its latest 2017Q4 regulatory filing with the SEC. Troy Asset Management Ltd bought 17,000 shares as the company’s stock rose 6.51% while stock markets declined. The institutional investor held 579,126 shares of the business services company at the end of 2017Q4, valued at $21.86M, up from 562,126 at the end of the previous reported quarter. Troy Asset Management Ltd who had been investing in Ebay Inc for a number of months, seems to be bullish on the $41.94 billion market cap company. The stock increased 0.21% or $0.09 during the last trading session, reaching $42.2. About 12.33M shares traded or 14.16% up from the average. eBay Inc. (NASDAQ:EBAY) has risen 20.31% since April 22, 2017 and is uptrending. It has outperformed by 8.76% the S&P500.

Since October 23, 2017, it had 0 insider purchases, and 5 insider sales for $10.35 million activity. 22,561 shares valued at $991,946 were sold by FISHER STEPHEN on Monday, February 5. $5.68M worth of eBay Inc. (NASDAQ:EBAY) was sold by Schenkel Scott F.. Huber Marie Oh also sold $2.72 million worth of eBay Inc. (NASDAQ:EBAY) shares. 60,000 shares were sold by PITTMAN RAYMOND J, worth $2.62 million. Lee Jae Hyun also sold $633,885 worth of eBay Inc. (NASDAQ:EBAY) on Wednesday, February 21.

Investors sentiment increased to 0.92 in Q4 2017. Its up 0.19, from 0.73 in 2017Q3. It increased, as 56 investors sold EBAY shares while 266 reduced holdings. 81 funds opened positions while 215 raised stakes. 870.62 million shares or 0.92% less from 878.69 million shares in 2017Q3 were reported. Alpha Windward Ltd Liability Corp invested in 5,487 shares or 0.12% of the stock. Great Lakes Advsr Ltd Liability holds 0.02% or 29,375 shares in its portfolio. Alliancebernstein LP reported 8.00 million shares. Moreover, Madison Inv Hldgs Inc has 0.01% invested in eBay Inc. (NASDAQ:EBAY) for 14,175 shares. Endurance Wealth Incorporated reported 465 shares stake. Warren Averett Asset Mgmt Ltd Com accumulated 0% or 134 shares. New York-based Richard Bernstein Llc has invested 0.15% in eBay Inc. (NASDAQ:EBAY). Cadence Ltd Com has 0.06% invested in eBay Inc. (NASDAQ:EBAY). Ifrah Fincl Service has invested 0.2% of its portfolio in eBay Inc. (NASDAQ:EBAY). America First Ltd Limited Liability Company has 75 shares. Cleararc Capital Incorporated holds 24,724 shares. Arizona State Retirement stated it has 0.12% of its portfolio in eBay Inc. (NASDAQ:EBAY). Rwc Asset Ltd Liability Partnership invested in 0.44% or 217,820 shares. Barry Invest Advsrs Llc accumulated 12,095 shares. 67.87 million were reported by Vanguard Grp Inc.

Troy Asset Management Ltd, which manages about $2.42 billion US Long portfolio, decreased its stake in Paypal Holdings Inc by 29,000 shares to 295,776 shares, valued at $21.78M in 2017Q4, according to the filing. It also reduced its holding in Mondelez International Inc (NASDAQ:MDLZ) by 44,445 shares in the quarter, leaving it with 1,730 shares, and cut its stake in Twenty (NASDAQ:FOXA).

Among 45 analysts covering eBay Inc (NASDAQ:EBAY), 29 have Buy rating, 2 Sell and 14 Hold. Therefore 64% are positive. eBay Inc had 169 analyst reports since July 21, 2015 according to SRatingsIntel. Canaccord Genuity maintained eBay Inc. (NASDAQ:EBAY) rating on Tuesday, September 5. Canaccord Genuity has “Hold” rating and $34.0 target. The stock has “Buy” rating by Hilliard Lyons on Friday, October 21. RBC Capital Markets maintained it with “Sector Perform” rating and $29 target in Thursday, January 28 report. As per Thursday, April 12, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by Argus Research given on Wednesday, April 12. Citigroup maintained eBay Inc. (NASDAQ:EBAY) on Thursday, June 8 with “Buy” rating. The firm has “Outperform” rating by BMO Capital Markets given on Monday, December 4. The stock of eBay Inc. (NASDAQ:EBAY) earned “Hold” rating by Cowen & Co on Thursday, February 1. The stock has “Buy” rating by Axiom Capital on Tuesday, September 13. Benchmark maintained eBay Inc. (NASDAQ:EBAY) on Wednesday, April 27 with “Buy” rating.

Ashford Capital Management Inc, which manages about $593.71 million and $642.54M US Long portfolio, decreased its stake in Align Technology Inc. (NASDAQ:ALGN) by 1,412 shares to 5,572 shares, valued at $1.24M in 2017Q4, according to the filing. It also reduced its holding in Spectrum Pharma. Inc. Sdcv 2.75 Due 12/15/18 (Prn) by 500,000 shares in the quarter, leaving it with 1.50 million shares, and cut its stake in New Relic Inc..

Since December 13, 2017, it had 0 buys, and 26 sales for $30.63 million activity. The insider Osier Michael A. sold $472,714. BROWN ANDREW J had sold 87,500 shares worth $1.97 million on Wednesday, March 7. $1.09 million worth of Chegg, Inc. (NYSE:CHGG) shares were sold by HOUSENBOLD JEFFREY T. BORDERS DAVE JR. had sold 15,000 shares worth $303,900. The insider Lem Esther sold 9,400 shares worth $159,800. The insider Schultz Nathan J. sold 14,733 shares worth $324,126.

Investors sentiment decreased to 1.55 in Q4 2017. Its down 0.34, from 1.89 in 2017Q3. It fall, as 20 investors sold CHGG shares while 38 reduced holdings. 27 funds opened positions while 63 raised stakes. 112.03 million shares or 9.19% more from 102.60 million shares in 2017Q3 were reported. California State Teachers Retirement Systems accumulated 150,120 shares. Brighton Jones Ltd, Washington-based fund reported 44,948 shares. Putnam Investments Ltd Company reported 54,930 shares stake. New York State Common Retirement Fund owns 648,782 shares. Winch Advisory Services Ltd Liability reported 500 shares. Ashford Capital Management stated it has 5.95% in Chegg, Inc. (NYSE:CHGG). First Mercantile Trust Comm owns 26,311 shares. 15,100 were reported by Laurion L P. Fincl Bank Of Mellon Corp has 347,221 shares. Cim Inv Mangement reported 24,157 shares or 0.13% of all its holdings. Great West Life Assurance Company Can has 0% invested in Chegg, Inc. (NYSE:CHGG) for 13,822 shares. Neuberger Berman Group Inc Ltd Liability Corporation stated it has 61,539 shares. Comml Bank Of America Corporation De accumulated 126,808 shares. Thompson Davis And accumulated 9,375 shares. Fifth Third Fincl Bank holds 0% or 52 shares in its portfolio.

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