Franklin Resources Inc. Increases Stock Holdings in Coursera, Inc. (NYSE:COUR)

Franklin Resources Inc. grew its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 260,866 shares of the company's stock after purchasing an additional 42,765 shares during the quarter. Franklin Resources Inc. owned approximately 0.16% of Coursera worth $2,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Waterfront Wealth Inc. increased its position in Coursera by 1.7% in the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after buying an additional 2,543 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock valued at $360,000 after acquiring an additional 2,552 shares during the period. FMR LLC increased its holdings 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 acquiring an additional 2,651 shares in the last quarter. Swiss National Bank raised its stake in Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after acquiring an additional 3,100 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Coursera during the fourth quarter valued at approximately $35,000. Institutional investors own 89.55% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. UBS Group increased their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. 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 company. According to data from MarketBeat.com, Coursera has an average rating of "Hold" and a consensus price target of $9.75.

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Coursera Stock Up 2.8 %

Coursera stock opened at $6.80 on Monday. Coursera, Inc. has a 52-week low of $5.76 and a 52-week high of $13.11. The firm's fifty day moving average is $7.37 and its 200 day moving average is $7.76. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -13.07 and a beta of 1.42.

Coursera 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.

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