Fox Run Management L.L.C. lifted its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 457.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,405 shares of the company's stock after acquiring an additional 61,872 shares during the quarter. Fox Run Management L.L.C.'s holdings in Coursera were worth $641,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of COUR. Algert Global LLC boosted 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 purchasing an additional 71,382 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $23,214,000 after buying an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Coursera in the 3rd quarter worth about $3,090,000. Franklin Resources Inc. acquired a new stake in Coursera in the 3rd quarter valued at about $1,651,000. Finally, SBI Securities Co. Ltd. purchased a new position in Coursera during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 89.55% of the company's stock.
Wall Street Analysts Forecast Growth
COUR has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Scotiabank began coverage on Coursera in a report on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 price target for the company. Bank of America reaffirmed an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday. Finally, UBS Group boosted their target price 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.83.
Check Out Our Latest Report on Coursera
Coursera Price Performance
COUR stock traded down $0.14 on Friday, hitting $6.80. 1,371,271 shares of the company were exchanged, compared to its average volume of 2,334,488. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -13.07 and a beta of 1.40. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $14.14. The business's fifty day moving average is $7.86 and its two-hundred day moving average is $7.87.
Insider Activity
In other news, SVP Alan B. Cardenas sold 5,613 shares of the business's 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 sale, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.90% of the company's stock.
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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