Schlumberger LTD (SLB) Position Upped by Sustainable Growth Advisers Lp; As Chegg (CHGG) Stock Rose, Sylebra Hk Company LTD Cut by $3.85 Million Its Stake

August 10, 2018 - By Maria Fierro

Schlumberger Limited (NYSE:SLB) Logo

Sustainable Growth Advisers Lp increased its stake in Schlumberger Ltd (SLB) by 19% based on its latest 2018Q1 regulatory filing with the SEC. Sustainable Growth Advisers Lp bought 781,606 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 4.90 million shares of the oilfield services and equipment company at the end of 2018Q1, valued at $317.11M, up from 4.11 million at the end of the previous reported quarter. Sustainable Growth Advisers Lp who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $91.12 billion market cap company. The stock increased 0.66% or $0.43 during the last trading session, reaching $65.83. About 3.00 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since August 10, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 05/03/2018 YPF: FULL DEVELOPMENT OF SCHLUMBERGER SHALE JV PILOT BY YR END; 30/05/2018 – Sri Lanka signs deal with Schlumberger subsidiary for $50 mln seismic study; 28/04/2018 – Russia gives tentative nod to Schlumberger’s acquisition of EDC – RIA; 28/04/2018 – RUSSIAN GOVT RECOMMENDS SCHLUMBERGER BUYING 25% EDC STAKE: TASS; 31/05/2018 – OPHIR ENERGY – GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT; 21/05/2018 – TASS CITES RDIF HEAD DMITRIEV ON SCHLUMBERGER, EURASIA DRILLING; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SAYS SOME TIGHTNESS IN SHALE SUPPLY CHAIN, INCLUDING SAND, BUT DRILLING ACTIVITIES ARE PICKING UP; 28/04/2018 – RUSSIA PRELIMINARY APPROVES PURCHASE OF UP TO 49 PCT STAKE IN EDC BY SCHLUMBERGER – RIA; 06/03/2018 – SCHLUMBERGER CEO PAAL KIBSGAARD SPEAKS AT CERA WEEK; 18/04/2018 – SEADRILL CEO SAYS AIMS TO EMERGE FROM CHAPTER 11 BANKRUPTCY AT END-JUNE, EARLY JULY VS PVS PLANS OF EARLY AUGUST

Sylebra Hk Company Ltd decreased its stake in Chegg Inc (CHGG) by 2.77% based on its latest 2018Q1 regulatory filing with the SEC. Sylebra Hk Company Ltd sold 192,360 shares as the company’s stock rose 32.94% while stock markets declined. The institutional investor held 6.76M shares of the consumer services company at the end of 2018Q1, valued at $139.76M, down from 6.96M at the end of the previous reported quarter. Sylebra Hk Company Ltd who had been investing in Chegg Inc for a number of months, seems to be less bullish one the $3.35B market cap company. The stock increased 2.30% or $0.66 during the last trading session, reaching $29.4. About 834,238 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 125.55% since August 10, 2017 and is uptrending. It has outperformed by 112.98% the S&P500. Some Historical CHGG News: 16/05/2018 – Chegg Presenting at JPMorgan Conference Tomorrow; 16/05/2018 – CHEGG DEEPENS INVESTMENT IN WRITING & AI WITH PURCHASE OF WRITE; 03/04/2018 – CHEGG CLOSES OFFERING OF $300M OF 0.25% CONV. SR 2023 NOTES; 26/04/2018 – CHEGG INC CHGG.N – SEES FY 2018 CAPITAL EXPENDITURES IN THE RANGE OF $30 MILLION TO $35 MILLION; 14/05/2018 – Easy Solutions Launches Facial Recognition with SelflD™; 20/04/2018 – DJ Chegg Inc, Inst Holders, 1Q 2018 (CHGG); 28/03/2018 – CHEGG INC – EXPECTS TO USE PROCEEDS FROM OFFERING OF NOTES TO PAY COST OF CAPPED CALL TRANSACTIONS TO MANAGE POTENTIAL DILUTION

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Revisiting Schlumberger” on July 22, 2018, also Seekingalpha.com with their article: “Another Solid Performance From Schlumberger” published on July 27, 2018, Seekingalpha.com published: “Schlumberger: The Much Awaited Recovery Is Here” on August 02, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Seekingalpha.com and their article: “Schlumberger Now Taking Market Share With OneStim” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “Schlumberger: Beat And Scarred, But Not Broken” with publication date: July 24, 2018.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It improved, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Catawba Capital Mgmt Va holds 0.89% in Schlumberger Limited (NYSE:SLB) or 57,104 shares. Lipe & Dalton owns 5,720 shares for 0.27% of their portfolio. Masters Capital Ltd Liability Corporation has invested 0.42% in Schlumberger Limited (NYSE:SLB). First Foundation Advsrs has 1.36% invested in Schlumberger Limited (NYSE:SLB). Cutler Counsel Ltd Co owns 53,050 shares for 0.67% of their portfolio. Acadian Asset Management Ltd Limited Liability Company holds 0% or 17,065 shares in its portfolio. Great West Life Assurance Can holds 0.17% of its portfolio in Schlumberger Limited (NYSE:SLB) for 1.06M shares. Eagle Asset Management has invested 0.01% in Schlumberger Limited (NYSE:SLB). Financial Architects Inc accumulated 4,371 shares or 0.06% of the stock. Hayek Kallen Inv Mngmt holds 25,964 shares. First Trust Advsrs LP owns 334,259 shares. Dixon Hubard Feinour And Brown Inc Va invested in 0.1% or 5,275 shares. Haverford Financial Service Inc holds 2.16% or 87,785 shares. Harvey Invest Co Limited Liability Co holds 0.28% or 23,572 shares. Baystate Wealth Management Lc holds 0.02% or 1,842 shares in its portfolio.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 154 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Friday, December 2 by Bernstein. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. The stock of Schlumberger Limited (NYSE:SLB) has “Outperform” rating given on Wednesday, April 26 by Cowen & Co. The rating was maintained by Jefferies on Monday, January 22 with “Buy”. On Friday, September 29 the stock rating was maintained by Jefferies with “Buy”. RBC Capital Markets maintained Schlumberger Limited (NYSE:SLB) on Friday, October 6 with “Buy” rating. The stock of Schlumberger Limited (NYSE:SLB) has “Outperform” rating given on Thursday, July 6 by Bernstein. The rating was maintained by Credit Suisse on Monday, April 23 with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, January 22 by Credit Suisse.

Since March 26, 2018, it had 3 insider purchases, and 1 sale for $945,601 activity. 3,000 Schlumberger Limited (NYSE:SLB) shares with value of $192,900 were bought by Al Mogharbel Khaled. Another trade for 10,000 shares valued at $646,800 was bought by KIBSGAARD PAAL. Shares for $218,049 were sold by Jaramillo Claudia on Wednesday, May 16.

Sustainable Growth Advisers Lp, which manages about $6.01 billion and $8.42 billion US Long portfolio, decreased its stake in Lowe’s Cos Inc (NYSE:LOW) by 1.84 million shares to 1.77 million shares, valued at $155.71M in 2018Q1, according to the filing. It also reduced its holding in Unitedhealth Group Inc (NYSE:UNH) by 27,017 shares in the quarter, leaving it with 987,429 shares, and cut its stake in Nike Inc (NYSE:NKE).

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.46, from 1.55 in 2017Q4. It dived, as 12 investors sold CHGG shares while 66 reduced holdings. 43 funds opened positions while 42 raised stakes. 115.68 million shares or 3.26% more from 112.03 million shares in 2017Q4 were reported. Baillie Gifford & has invested 0.1% in Chegg, Inc. (NYSE:CHGG). Denver Investment Advisors Ltd Company owns 34,066 shares for 0.04% of their portfolio. Bluecrest Management owns 250,186 shares or 0.16% of their US portfolio. Cim Invest Mangement holds 25,489 shares or 0.18% of its portfolio. Botty Invsts Lc has 736 shares for 0% of their portfolio. National Bank & Trust Of New York Mellon Corp reported 413,560 shares. Penbrook Mgmt Lc invested 2.39% of its portfolio in Chegg, Inc. (NYSE:CHGG). Element Cap Mngmt Llc owns 75,635 shares. Aristeia Cap Limited Liability Company holds 0.08% or 95,000 shares. 296 are held by Tradewinds Capital Management Ltd Company. Moreover, Bank & Trust Of America De has 0% invested in Chegg, Inc. (NYSE:CHGG). Fiera Corporation accumulated 279,272 shares. Td Asset Mngmt invested in 102,613 shares or 0% of the stock. S Squared Tech Ltd invested 4.5% in Chegg, Inc. (NYSE:CHGG). Northern accumulated 1.14M shares.

Since February 13, 2018, it had 0 insider purchases, and 30 selling transactions for $52.62 million activity. HOUSENBOLD JEFFREY T also sold $1.09 million worth of Chegg, Inc. (NYSE:CHGG) shares. On Friday, June 1 BRANDEMUEHL JENNY sold $2.07 million worth of Chegg, Inc. (NYSE:CHGG) or 75,000 shares. Schultz Nathan J. had sold 17,993 shares worth $413,839 on Wednesday, April 18. On Wednesday, May 30 the insider BUDIG RENEE VARNI sold $1.61M. BROWN ANDREW J sold 87,500 shares worth $1.77M. $3.28 million worth of Chegg, Inc. (NYSE:CHGG) shares were sold by ROSENSWEIG DANIEL.

Among 14 analysts covering Chegg Inc (NYSE:CHGG), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Chegg Inc had 50 analyst reports since August 5, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 27 report. On Wednesday, October 18 the stock rating was maintained by Northland Capital with “Buy”. The stock has “Buy” rating by Northland Capital on Tuesday, August 29. As per Wednesday, July 26, the company rating was maintained by Jefferies. BMO Capital Markets maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, April 10. BMO Capital Markets has “Buy” rating and $2600 target. The rating was maintained by Lake Street on Tuesday, February 23 with “Buy”. The rating was upgraded by Raymond James to “Outperform” on Tuesday, May 2. The stock of Chegg, Inc. (NYSE:CHGG) earned “Overweight” rating by Piper Jaffray on Tuesday, February 23. The firm has “Buy” rating by Lake Street given on Tuesday, May 2. The firm has “Market Perform” rating by Raymond James given on Tuesday, February 23.

More recent Chegg, Inc. (NYSE:CHGG) news were published by: Fool.com which released: “Chegg Subscriber Numbers Continue to Balloon” on August 02, 2018. Also Seekingalpha.com published the news titled: “Chegg, Inc (CHGG) CEO Dan Rosensweig on Q2 2018 Results – Earnings Call Transcript” on July 31, 2018. Streetinsider.com‘s news article titled: “After-Hours Stock Movers 07/30: (MX) (MEDP) (CHGG) Higher; (HLIT) (VRNS) (TXRH) Lower (more…)” with publication date: July 30, 2018 was also an interesting one.

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

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