Baillie Gifford & Co. Lowers Position in Coursera, Inc. (NYSE:COUR)

Baillie Gifford & Co. lowered its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,876,535 shares of the company's stock after selling 12,203,433 shares during the period. Baillie Gifford & Co. owned approximately 5.60% of Coursera worth $75,451,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in Coursera in the fourth quarter valued at about $107,000. KBC Group NV boosted its stake in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Coursera by 15.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company's stock valued at $1,036,000 after buying an additional 16,724 shares in the last quarter. SG Americas Securities LLC boosted its stake in Coursera by 66.1% in the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company's stock valued at $741,000 after buying an additional 34,701 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in Coursera in the fourth quarter valued at about $131,000. Institutional investors own 89.55% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on COUR shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. assumed coverage on Coursera in a research note on Monday, November 25th. They set a "neutral" rating and a $8.00 price target on the stock. Finally, BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Coursera has an average rating of "Moderate Buy" and a consensus target price of $10.13.

Coursera Stock Down 2.4 %

NYSE COUR traded down $0.20 on Friday, reaching $8.04. The company had a trading volume of 1,019,883 shares, compared to its average volume of 1,807,185. The stock has a market capitalization of $1.27 billion, a P/E ratio of -15.45 and a beta of 1.42. The company's fifty day moving average is $8.43 and its 200 day moving average is $7.98. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $16.74.

Insider Activity at Coursera

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

About Coursera

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.