Fintel reports that on January 14, 2025, Morgan Stanley downgraded their outlook for Chegg (LSE:0A4Z) from Equal-Weight to Underweight.
What is the Fund Sentiment?
There are 375 funds or institutions reporting positions in Chegg. This is an decrease of 50 owner(s) or 11.76% in the last quarter. Average portfolio weight of all funds dedicated to 0A4Z is 0.03%, an increase of 43.09%. Total shares owned by institutions decreased in the last three months by 14.35% to 93,000K shares.
What are Other Shareholders Doing?
D. E. Shaw holds 5,080K shares representing 4.87% ownership of the company. In its prior filing, the firm reported owning 4,944K shares , representing an increase of 2.67%. The firm decreased its portfolio allocation in 0A4Z by 47.17% over the last quarter.
Acadian Asset Management holds 3,425K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 2,155K shares , representing an increase of 37.08%. The firm decreased its portfolio allocation in 0A4Z by 10.21% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,119K shares representing 2.99% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 2,646K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 2,657K shares , representing a decrease of 0.40%. The firm decreased its portfolio allocation in 0A4Z by 51.87% over the last quarter.
Aqr Capital Management holds 2,347K shares representing 2.25% ownership of the company. In its prior filing, the firm reported owning 2,879K shares , representing a decrease of 22.65%. The firm decreased its portfolio allocation in 0A4Z by 56.96% over the last quarter.
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