Bridgewater Associates LP Has $774,000 Holdings in Coursera, Inc. (NYSE:COUR)

Bridgewater Associates LP decreased its position in Coursera, Inc. (NYSE:COUR - Free Report) by 52.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,460 shares of the company's stock after selling 107,818 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of Coursera worth $774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC increased its position in Coursera by 17.7% during the third quarter. Algert Global LLC now owns 475,496 shares of the company's stock worth $3,775,000 after acquiring an additional 71,382 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company's stock worth $11,224,000 after purchasing an additional 83,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Coursera during the third quarter valued at about $3,090,000. M&G Plc bought a new stake in shares of Coursera in the second quarter valued at about $5,048,000. Finally, Millennium Management LLC grew its position in Coursera by 67.0% during the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock worth $20,055,000 after buying an additional 1,123,397 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now directly owns 194,082 shares of the company's stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,885 shares of company stock valued at $102,815 over the last ninety days. 15.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on COUR. BMO Capital Markets reduced their price objective on Coursera from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Morgan Stanley reduced their target price on Coursera from $15.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $18.00 price target on shares of Coursera in a report on Monday, October 21st. JPMorgan Chase & Co. began coverage on shares of Coursera in a report on Monday, November 25th. They set a "neutral" rating and a $8.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on shares of Coursera from $9.00 to $7.25 and set a "sell" rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.66.

Coursera Stock Performance

Shares of NYSE:COUR traded up $0.01 during trading on Tuesday, reaching $8.29. The stock had a trading volume of 1,840,491 shares, compared to its average volume of 2,295,408. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $21.26. The business's 50-day moving average price is $7.47 and its 200 day moving average price is $7.61.

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.