Federated Hermes Inc. Has $4.06 Million Stock Position in Coursera, Inc. (NYSE:COUR)

Federated Hermes Inc. increased its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 61,498.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,001 shares of the company's stock after acquiring an additional 477,225 shares during the period. Federated Hermes Inc. owned about 0.30% of Coursera worth $4,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of COUR. Waterfront Wealth Inc. lifted its holdings in Coursera by 1.7% in the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after purchasing an additional 2,543 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock valued at $360,000 after buying an additional 2,552 shares during the last quarter. FMR LLC increased its position in Coursera by 67.6% in the 3rd 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 period. Swiss National Bank lifted its holdings in shares of 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 buying an additional 3,100 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

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Coursera Price Performance

Shares of Coursera stock traded up $0.08 during trading hours on Wednesday, hitting $7.05. The company's stock had a trading volume of 1,790,518 shares, compared to its average volume of 2,341,544. The stock has a 50 day moving average of $7.34 and a 200 day moving average of $7.74. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $12.37. The company has a market capitalization of $1.14 billion, a PE ratio of -13.56 and a beta of 1.42.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. UBS Group boosted their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.67.

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.