Alliancebernstein L.P. Acquires 325,770 Shares of Coursera, Inc. (NYSE:COUR)

Alliancebernstein L.P. lifted its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 220.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,670 shares of the company's stock after purchasing an additional 325,770 shares during the period. Alliancebernstein L.P. owned about 0.30% of Coursera worth $4,026,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after acquiring an additional 199,050 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Coursera in the 3rd quarter worth approximately $1,651,000. SBI Securities Co. Ltd. purchased a new position in Coursera in the fourth quarter valued at approximately $35,000. Sei Investments Co. grew its holdings in Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after purchasing an additional 211,191 shares during the period. Finally, Barclays PLC increased its position in Coursera by 24.4% in the third quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after buying an additional 188,911 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Coursera Trading Up 2.8 %

Shares of COUR opened at $6.80 on Monday. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $13.11. The company has a market cap of $1.10 billion, a PE ratio of -13.07 and a beta of 1.42. The stock has a 50-day moving average price of $7.37 and a 200-day moving average price of $7.76.

Analyst Upgrades and Downgrades

COUR has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. UBS Group increased their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Finally, Bank of America reissued an "underperform" rating and set a $7.00 target price on shares of Coursera in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Coursera presently has an average rating of "Hold" and a consensus price target of $9.75.

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Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.30% of the stock is currently owned by company insiders.

Coursera Profile

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.

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