Guinness Atkinson Asset Management Trimmed Position in Boeing Co (BA) as Stock Price Rose; Chegg (CHGG) Position Upped by Selkirk Management Llc

January 14, 2018 - By whatsonthorold

Guinness Atkinson Asset Management Inc decreased its stake in Boeing Co (BA) by 23.81% based on its latest 2017Q3 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc sold 8,700 shares as the company’s stock rose 4.66% with the market. The institutional investor held 27,840 shares of the aerospace company at the end of 2017Q3, valued at $7.08 million, down from 36,540 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Boeing Co for a number of months, seems to be less bullish one the $200.24 billion market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56M shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Selkirk Management Llc increased its stake in Chegg Inc (CHGG) by 34% based on its latest 2017Q3 regulatory filing with the SEC. Selkirk Management Llc bought 68,000 shares as the company’s stock rose 43.03% with the market. The hedge fund held 268,000 shares of the consumer services company at the end of 2017Q3, valued at $3.98M, up from 200,000 at the end of the previous reported quarter. Selkirk Management Llc who had been investing in Chegg Inc for a number of months, seems to be bullish on the $1.82B market cap company. The stock decreased 1.12% or $0.19 during the last trading session, reaching $16.74. About 565,676 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.16% since January 14, 2017 and is uptrending. It has outperformed by 146.46% the S&P500.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It worsened, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Gateway Investment Advisers Ltd Liability Com invested 0.8% in The Boeing Company (NYSE:BA). Blb&B Advisors Llc reported 24,861 shares stake. Cadinha And Co Ltd Co stated it has 0.05% in The Boeing Company (NYSE:BA). Reynders Mcveigh Capital Management Limited Liability Com reported 4,282 shares stake. Moreover, Nationwide Fund Advisors has 0.42% invested in The Boeing Company (NYSE:BA) for 417,178 shares. Mathes Incorporated stated it has 3.05% in The Boeing Company (NYSE:BA). Utah Retirement Sys stated it has 102,238 shares. Shine Inv Advisory Services has 0.12% invested in The Boeing Company (NYSE:BA). Capwealth Ltd Liability Corporation, a Tennessee-based fund reported 55,621 shares. Asset Corporation holds 0.02% or 475 shares in its portfolio. The Maryland-based Chevy Chase Hldg has invested 0.56% in The Boeing Company (NYSE:BA). 1832 Asset Management LP has invested 0.17% of its portfolio in The Boeing Company (NYSE:BA). Truepoint Inc reported 324,474 shares. Glg Lc holds 26,202 shares or 0.43% of its portfolio. Mechanics Fincl Bank Department reported 0.32% of its portfolio in The Boeing Company (NYSE:BA).

Since July 31, 2017, it had 0 insider buys, and 5 insider sales for $20.35 million activity. The insider Smith Gregory D sold 19,757 shares worth $4.85M. $616,499 worth of The Boeing Company (NYSE:BA) shares were sold by Verbeck Robert E. Shares for $32,321 were sold by Downey Thomas J. On Monday, July 31 the insider Muilenburg Dennis A sold $13.84M.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. Jefferies maintained The Boeing Company (NYSE:BA) on Monday, August 28 with “Buy” rating. Cowen & Co maintained the stock with “Buy” rating in Monday, July 24 report. The stock of The Boeing Company (NYSE:BA) has “Hold” rating given on Wednesday, September 20 by Wells Fargo. The rating was upgraded by Buckingham Research on Friday, July 28 to “Neutral”. The rating was upgraded by J.P. Morgan on Friday, July 14 to “Buy”. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, March 13. As per Thursday, July 27, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Bank of America on Tuesday, December 12. The rating was upgraded by JP Morgan to “Overweight” on Friday, July 14. The firm earned “Sector Perform” rating on Thursday, July 27 by RBC Capital Markets.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 EPS, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71B for 29.29 P/E if the $2.87 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Investors sentiment decreased to 1.89 in 2017 Q3. Its down 0.82, from 2.71 in 2017Q2. It is negative, 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. 1492 Capital Management Ltd owns 30,523 shares for 0.4% of their portfolio. Us Natl Bank De accumulated 0% or 8,930 shares. Pier Cap Ltd holds 0.98% of its portfolio in Chegg, Inc. (NYSE:CHGG) for 381,571 shares. Financial Bank Of Ny Mellon has 345,596 shares for 0% of their portfolio. California Pub Employees Retirement Systems reported 0% in Chegg, Inc. (NYSE:CHGG). Timessquare Mngmt Llc holds 3.03M shares. Fred Alger Management holds 2.66 million shares or 0.18% of its portfolio. Moreover, Northern Corp has 0% invested in Chegg, Inc. (NYSE:CHGG). Fmr Ltd Liability has 2.49 million shares. American Group has 63,166 shares for 0% of their portfolio. Macquarie Group Incorporated has 149,300 shares for 0% of their portfolio. Brighton Jones Limited Liability Corp holds 44,948 shares. Td Asset Mngmt accumulated 136,913 shares. Parametric Associates Limited Liability stated it has 0% in Chegg, Inc. (NYSE:CHGG). Schwab Charles Invest Management Inc has invested 0.01% in Chegg, Inc. (NYSE:CHGG).

Among 13 analysts covering Chegg Inc (NYSE:CHGG), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Chegg Inc had 34 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, June 21, the company rating was maintained by Jefferies. The stock has “Buy” rating by Jefferies on Wednesday, July 26. The firm earned “Buy” rating on Tuesday, May 2 by Lake Street. The firm has “Buy” rating given on Tuesday, November 8 by Lake Street. On Thursday, November 19 the stock rating was initiated by Craig Hallum with “Buy”. Jefferies maintained the shares of CHGG in report on Tuesday, October 31 with “Buy” rating. Northland Capital maintained it with “Buy” rating and $20.0 target in Monday, January 8 report. The firm earned “Hold” rating on Wednesday, July 26 by Lake Street. The stock of Chegg, Inc. (NYSE:CHGG) earned “Overweight” rating by JP Morgan on Wednesday, November 1. Craig Hallum upgraded the shares of CHGG in report on Wednesday, April 5 to “Buy” rating.

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