American National Bank Trimmed Boeing Co Com (BA) Holding by $1.23 Million; Market Valuation Rose; G2 Investment Partners Management Cut Position in Chegg (CHGG) as Stock Price Rose

May 27, 2018 - By Nellie Frank

The Boeing Company (NYSE:BA) Logo

American National Bank decreased its stake in Boeing Co Com (BA) by 16.7% based on its latest 2017Q4 regulatory filing with the SEC. American National Bank sold 4,178 shares as the company’s stock rose 8.82% while stock markets declined. The institutional investor held 20,839 shares of the aerospace company at the end of 2017Q4, valued at $6.15 million, down from 25,017 at the end of the previous reported quarter. American National Bank who had been investing in Boeing Co Com for a number of months, seems to be less bullish one the $211.45 billion market cap company. The stock increased 0.30% or $1.09 during the last trading session, reaching $360.09. About 2.46M shares traded. The Boeing Company (NYSE:BA) has risen 82.35% since May 27, 2017 and is uptrending. It has outperformed by 70.80% the S&P500.

Josh Goldberg decreased its stake in Chegg Inc (CHGG) by 27.22% based on its latest 2017Q4 regulatory filing with the SEC. G2 Investment Partners Management Llc sold 107,096 shares as the company’s stock rose 31.43% while stock markets declined. The hedge fund run by Josh Goldberg held 286,350 shares of the consumer services company at the end of 2017Q4, valued at $4.67 million, down from 393,446 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 less bullish one the $3.01B market cap company. The stock increased 0.86% or $0.23 during the last trading session, reaching $26.84. About 517,062 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.02% since May 27, 2017 and is uptrending. It has outperformed by 151.47% the S&P500.

Among 27 analysts covering Boeing (NYSE:BA), 19 have Buy rating, 1 Sell and 7 Hold. Therefore 70% are positive. Boeing had 117 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $339.0 target in Monday, January 8 report. The stock has “Buy” rating by Robert W. Baird on Tuesday, January 16. Robert W. Baird maintained the stock with “Buy” rating in Thursday, March 29 report. The rating was maintained by Credit Suisse with “Buy” on Thursday, February 1. The company was maintained on Monday, October 9 by Robert W. Baird. The rating was downgraded by Bank of America on Wednesday, April 20 to “Underperform”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 6 report. The firm earned “Buy” rating on Wednesday, March 29 by Berenberg. The firm has “Buy” rating given on Tuesday, June 13 by Cowen & Co. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by Buckingham Research on Friday, December 22.

Analysts await The Boeing Company (NYSE:BA) to report earnings on July, 25. They expect $3.44 earnings per share, up 34.90% or $0.89 from last year’s $2.55 per share. BA’s profit will be $2.02 billion for 26.17 P/E if the $3.44 EPS becomes a reality. After $3.64 actual earnings per share reported by The Boeing Company for the previous quarter, Wall Street now forecasts -5.49% negative EPS growth.

Since February 8, 2018, it had 0 insider buys, and 6 sales for $18.83 million activity. Hyslop Gregory L also sold $762,543 worth of The Boeing Company (NYSE:BA) shares. LUTTIG J MICHAEL sold $3.10M worth of stock or 9,000 shares. Smith Gregory D sold 36,079 shares worth $12.17 million. Another trade for 1,132 shares valued at $373,379 was sold by CAPOZZI HEIDI B. The insider Verbeck Robert E sold 2,840 shares worth $948,261.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.02, from 0.81 in 2017Q3. It worsened, as 65 investors sold BA shares while 614 reduced holdings. 148 funds opened positions while 391 raised stakes. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. Moreover, First Citizens Commercial Bank And Trust has 0.44% invested in The Boeing Company (NYSE:BA). Oakmont Corporation invested 13.55% in The Boeing Company (NYSE:BA). Martin Tn stated it has 1.25% in The Boeing Company (NYSE:BA). Macnealy Hoover Investment Mgmt reported 1,890 shares. First Heartland Consultants holds 0.66% or 7,409 shares in its portfolio. Lourd Cap Limited Com stated it has 0.05% of its portfolio in The Boeing Company (NYSE:BA). Nelson Roberts Inv Advsrs Lc reported 1,470 shares. Moreover, Boston Private Wealth Ltd Liability has 0.14% invested in The Boeing Company (NYSE:BA). Arrowstreet Cap Ltd Partnership has 1.85M shares. Ledyard Fincl Bank holds 1.1% or 30,811 shares in its portfolio. 20,258 were reported by Shelton Cap. Peddock Capital Advsr Lc holds 525 shares or 0.08% of its portfolio. Wallington Asset Ltd Limited Liability Company has 0.49% invested in The Boeing Company (NYSE:BA). Wetherby Asset Management stated it has 0.44% in The Boeing Company (NYSE:BA). 10,643 are owned by Fiera Corp.

More notable recent The Boeing Company (NYSE:BA) news were published by: 247Wallst.com which released: “Sanctions on Iran Cost Boeing, Airbus About $20 Billion Each” on May 09, 2018, also 247Wallst.com with their article: “Boeing Offer for Aircraft Parts Firm KLX Leaves Shareholders Cool” published on May 01, 2018, Livetradingnews.com published: “The Boeing Company (NYSE:BA) Stock Overbought” on May 23, 2018. More interesting news about The Boeing Company (NYSE:BA) were released by: 247Wallst.com and their article: “Boeing, Airbus Both Claim Victory in WTO Subsidy Case” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “Airlines, Not Boeing, Take The Heat For Recent Airplane Malfunctions” with publication date: May 23, 2018.

American National Bank, which manages about $354.35M US Long portfolio, upped its stake in American Airlines Group (NASDAQ:AAL) by 7,451 shares to 52,842 shares, valued at $2.75M in 2017Q4, according to the filing. It also increased its holding in Ishares Msci Eafe Index Fund (EFA) by 9,828 shares in the quarter, for a total of 403,061 shares, and has risen its stake in Spdr Ser Tr Bloomberg Barclays Invt Gradefltg Rate Etf (FLRN).

Since December 13, 2017, it had 0 insider purchases, and 32 sales for $45.37 million activity. Another trade for 87,500 shares valued at $1.77 million was made by BROWN ANDREW J on Thursday, March 1. 17,993 shares were sold by Schultz Nathan J., worth $413,839 on Wednesday, April 18. Shares for $783,500 were sold by BRANDEMUEHL JENNY. HOUSENBOLD JEFFREY T also sold $1.09 million worth of Chegg, Inc. (NYSE:CHGG) shares. BORDERS DAVE JR. sold 15,000 shares worth $303,900. The insider Lem Esther sold 10,000 shares worth $175,000.

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. Proshare Advsr Ltd reported 55,570 shares stake. Prudential Plc invested in 0.05% or 1.00M shares. Par Capital Mngmt stated it has 6.24M shares. Schwab Charles Inv Mgmt Incorporated owns 414,828 shares. Oppenheimer Asset Mgmt accumulated 10,868 shares. Aqr Mgmt Limited Liability Corporation invested 0% in Chegg, Inc. (NYSE:CHGG). Northern Trust Corporation has 0% invested in Chegg, Inc. (NYSE:CHGG) for 1.12M shares. Ameritas Inv Inc owns 8,114 shares. Alliancebernstein Ltd Partnership accumulated 3.33 million shares. Principal Finance Inc invested in 11,331 shares or 0% of the stock. Laurion Management Lp invested 0% in Chegg, Inc. (NYSE:CHGG). Limited Co stated it has 54,945 shares. Cap World has invested 0% in Chegg, Inc. (NYSE:CHGG). Essex Invest Management owns 132,207 shares or 0.28% of their US portfolio. Florida-based Raymond James Services Advisors Inc has invested 0% in Chegg, Inc. (NYSE:CHGG).

More news for Chegg, Inc. (NYSE:CHGG) were recently published by: Seekingalpha.com, which released: “Chegg May Be Overvalued. So What?” on May 16, 2018. Fool.com‘s article titled: “What’s the Story With Chegg’s Cash?” and published on May 03, 2018 is yet another important article.

Among 14 analysts covering Chegg Inc (NYSE:CHGG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Chegg Inc had 46 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Chegg, Inc. (NYSE:CHGG) earned “Overweight” rating by JP Morgan on Tuesday, February 13. The stock of Chegg, Inc. (NYSE:CHGG) has “Buy” rating given on Tuesday, February 13 by Jefferies. The stock has “Outperform” rating by Northland Capital on Tuesday, April 11. The firm has “Overweight” rating by First Analysis given on Thursday, September 10. On Wednesday, July 26 the stock rating was maintained by Jefferies with “Buy”. The stock has “Overweight” rating by JP Morgan on Wednesday, November 1. The company was maintained on Wednesday, July 26 by BMO Capital Markets. The stock of Chegg, Inc. (NYSE:CHGG) earned “Buy” rating by Lake Street on Tuesday, February 23. The firm has “Outperform” rating by Barrington Research given on Thursday, September 29. The rating was maintained by BMO Capital Markets on Thursday, August 31 with “Buy”.

G2 Investment Partners Management Llc, which manages about $585.42M and $259.11 million US Long portfolio, upped its stake in Carbonite Inc (NASDAQ:CARB) by 150,849 shares to 467,741 shares, valued at $11.74 million in 2017Q4, according to the filing. It also increased its holding in Rada Electr Inds Ltd by 272,533 shares in the quarter, for a total of 490,256 shares, and has risen its stake in Usa Technologies Inc (NASDAQ:USAT).

Chegg, Inc. (NYSE:CHGG) Institutional Positions Chart

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