Oprah Winfrey Stock Portfolio: 5 Companies To Consider

In this article, we discuss the 5 stocks to consider in the portfolio of Oprah Winfrey. If you want to read our detailed analysis of these stocks, go directly to Oprah Winfrey Stock Portfolio: 10 Companies To Consider.

5. Chegg, Inc. (NYSE:CHGG)

Number of Hedge Fund Holders: 38    

One of the biggest achievements of Oprah’s stellar career has been the establishment of the Oprah Winfrey Leadership Academy, a school for young girls in South Africa that features top-of-the-line facilities. Oprah herself takes a remote class at the school, offering her expertise to young girls who aspire to achieve more. Chegg, Inc. (NYSE:CHGG), a California-based student learning platform, also offers similar educational services online. 

Chegg, Inc. (NYSE:CHGG) aims to make quality education more accessible to children around the world, just like the South African academy. According to reports, Oprah invested close to $40 million in the school over seven years before it opened. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Polar Capital is a leading shareholder in Chegg, Inc. (NYSE:CHGG) with 1.4 million shares worth more than $117 million. 

In its Q2 2021 investor letter, Alger, an asset management firm, highlighted a few stocks and Chegg, Inc. (NYSE:CHGG) was one of them. Here is what the fund said:

“Chegg, Inc. was among the top detractors from performance. Chegg provides online textbook rentals and other internet delivered services, such as homework help, tutoring and assistance with obtaining scholarships and finding internships. The company has been acquiring customers at low cost, in part because it is a leader in providing supplementary educational services to college students. Its Chegg Services offering helps students master subjects, get better grades, graduate and pursue careers. After posting a very strong 2020, the stock has experienced a general pullback based on the market perception that Chegg was simply a “Covid-19 beneficiary” and now with a reopening economy will experience weakness. We believe, however, that the company’s recent inroads to previously untapped international markets and new controls on shared password/account access are positive developments for Chegg.”