American Century Companies Inc. Acquires 81,110 Shares of Coursera, Inc. (NYSE:COUR)

American Century Companies Inc. boosted its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 206.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,480 shares of the company's stock after purchasing an additional 81,110 shares during the quarter. American Century Companies Inc. owned about 0.08% of Coursera worth $1,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC increased its holdings in Coursera by 83.4% in the 4th quarter. Intech Investment Management LLC now owns 77,467 shares of the company's stock valued at $658,000 after buying an additional 35,228 shares during the period. Cibc World Markets Corp bought a new position in Coursera in the fourth quarter valued at approximately $109,000. Picton Mahoney Asset Management raised its position in Coursera by 53.0% during the fourth quarter. Picton Mahoney Asset Management now owns 72,582 shares of the company's stock valued at $617,000 after purchasing an additional 25,137 shares in the last quarter. Swiss National Bank lifted its stake in Coursera by 1.2% during the fourth quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Coursera by 73.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 675,208 shares of the company's stock valued at $5,739,000 after purchasing an additional 286,012 shares in the last quarter. Institutional investors own 89.55% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Telsey Advisory Group reissued an "outperform" rating and set a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. UBS Group raised their price target on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.75.

Coursera Stock Performance

Shares of COUR stock traded up $0.13 on Tuesday, hitting $6.98. The company had a trading volume of 471,674 shares, compared to its average volume of 2,341,147. The stock's 50-day moving average is $7.35 and its two-hundred day moving average is $7.75. The firm has a market cap of $1.13 billion, a P/E ratio of -13.42 and a beta of 1.42. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.11.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated 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 directly owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.