Barclays PLC increased its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,202,335 shares of the company's stock after buying an additional 240,213 shares during the period. Barclays PLC owned about 0.76% of Coursera worth $10,220,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Coursera during the 4th quarter valued at about $35,000. FMR LLC boosted its stake in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares in the last quarter. KBC Group NV increased its holdings in Coursera by 90.7% during 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 during the period. Bank of Nova Scotia bought a new position in Coursera in the fourth quarter worth approximately $96,000. Finally, New York State Teachers Retirement System purchased a new stake in Coursera during the fourth quarter worth $107,000. 89.55% of the stock is currently owned by institutional investors.
Coursera Price Performance
COUR stock opened at $7.34 on Wednesday. The company has a market capitalization of $1.18 billion, a P/E ratio of -14.11 and a beta of 1.42. The firm's fifty day simple moving average is $7.26 and its 200-day simple moving average is $7.73. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $12.37.
Insiders Place Their Bets
In related news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 directly owns 180,413 shares in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.80% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently commented on COUR. JPMorgan Chase & Co. reduced their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday. Finally, Bank of America reissued an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research 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 assigned a buy rating to the company. Based on data from MarketBeat, Coursera currently has an average rating of "Hold" and a consensus target price of $9.44.
Read Our Latest Analysis on COUR
About Coursera
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Coursera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coursera wasn't on the list.
While Coursera currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
