Bank of New York Mellon Corp Has $3.71 Million Position in Coursera, Inc. (NYSE:COUR)

Bank of New York Mellon Corp lifted its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,861 shares of the company's stock after buying an additional 38,004 shares during the period. Bank of New York Mellon Corp owned approximately 0.28% of Coursera worth $3,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its holdings in Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock worth $23,401,000 after purchasing an additional 63,549 shares in the last quarter. Geode Capital Management LLC raised its holdings in Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Invenomic Capital Management LP raised its holdings in Coursera by 6.9% during the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock worth $21,361,000 after purchasing an additional 172,585 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Coursera by 61.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company's stock worth $13,082,000 after purchasing an additional 628,140 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Coursera by 17.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company's stock worth $8,228,000 after purchasing an additional 156,512 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COUR shares. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Monday, January 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. Scotiabank assumed coverage on Coursera in a report on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Finally, UBS Group upped their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and an average price target of $10.13.

Coursera Stock Up 0.1 %

COUR stock traded up $0.01 during mid-day trading on Friday, reaching $7.13. 2,306,277 shares of the stock traded hands, compared to its average volume of 2,282,949. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $14.42. The business has a 50-day moving average of $8.00 and a two-hundred day moving average of $7.89. The firm has a market capitalization of $1.14 billion, a PE ratio of -13.70 and a beta of 1.40.

Insider Buying and Selling at Coursera

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

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.