Vanguard Group Inc. Buys 440,948 Shares of Coursera, Inc. (NYSE:COUR)

Vanguard Group Inc. lifted its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,147,159 shares of the company's stock after acquiring an additional 440,948 shares during the quarter. Vanguard Group Inc. owned approximately 7.67% of Coursera worth $103,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of COUR. SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter valued at about $35,000. FMR LLC increased its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after buying an additional 2,651 shares during the last quarter. KBC Group NV lifted 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 during the last quarter. New York State Teachers Retirement System bought a new position in shares of Coursera during the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp bought a new stake in Coursera in the 4th quarter valued at $109,000. Institutional investors own 89.55% of the company's stock.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.30% of the stock is currently owned by company insiders.

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Coursera Trading Up 1.7 %

Coursera stock traded up $0.12 during trading hours on Tuesday, reaching $6.97. 178,081 shares of the stock were exchanged, compared to its average volume of 1,771,503. The stock has a 50 day moving average of $7.35 and a two-hundred day moving average of $7.75. The company has a market cap of $1.12 billion, a P/E ratio of -13.39 and a beta of 1.42. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $12.40.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of research analyst reports. Bank of America reaffirmed an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Monday, January 27th. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9.75.

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.