Coursera, Inc. (NYSE:COUR) Stake Cut by Bridgewater Associates LP

Bridgewater Associates LP trimmed its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 70.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,548 shares of the company's stock after selling 68,912 shares during the quarter. Bridgewater Associates LP's holdings in Coursera were worth $243,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera during the 4th quarter worth approximately $35,000. FMR LLC grew its holdings in Coursera by 67.6% in 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 during the last quarter. KBC Group NV increased its position in shares of 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. Bank of Nova Scotia purchased a new position in shares of Coursera in the fourth quarter valued at $96,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Coursera during the 4th quarter worth $107,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Performance

Shares of COUR traded up $1.03 during trading hours on Friday, hitting $8.73. The stock had a trading volume of 4,493,471 shares, compared to its average volume of 2,352,957. The firm has a market cap of $1.41 billion, a P/E ratio of -16.69 and a beta of 1.42. The company's fifty day simple moving average is $7.21 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 $12.20.

Analyst Upgrades and Downgrades

COUR has been the subject of several recent research reports. Telsey Advisory Group restated an "outperform" rating and set a $12.00 target price on shares of Coursera in a report on Tuesday. UBS Group raised 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 reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Bank of America reissued an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.52.

Insider Activity

In other 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 value of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.80% of the company's stock.

Coursera Company 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.