Connor Clark & Lunn Investment Management Ltd. raised its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 73.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,208 shares of the company's stock after purchasing an additional 286,012 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.43% of Coursera worth $5,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock valued at $23,401,000 after acquiring an additional 63,549 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Invenomic Capital Management LP raised its holdings in shares of Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock valued at $21,361,000 after purchasing an additional 172,585 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coursera by 61.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company's stock worth $13,082,000 after purchasing an additional 628,140 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Coursera by 17.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company's stock worth $8,228,000 after purchasing an additional 156,512 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on COUR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research note on Monday, November 25th. They issued a "neutral" rating and a $8.00 price target on the stock. 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 report on Friday, January 31st. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $15.00 target price on shares of Coursera in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Coursera currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.13.
Read Our Latest Report on Coursera
Insider Activity at Coursera
In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm'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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.30% of the stock is currently owned by insiders.
Coursera Stock Up 1.5 %
COUR traded up $0.11 on Wednesday, hitting $7.23. 1,396,798 shares of the company traded hands, compared to its average volume of 1,784,108. The company has a 50 day moving average of $8.08 and a 200-day moving average of $7.91. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $14.64. The stock has a market capitalization of $1.16 billion, a PE ratio of -13.90 and a beta of 1.40.
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.
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