Geode Capital Management LLC Grows Stock Holdings in Coursera, Inc. (NYSE:COUR)

Geode Capital Management LLC raised its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 7.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,922,953 shares of the company's stock after purchasing an additional 199,050 shares during the period. Geode Capital Management LLC owned approximately 1.85% of Coursera worth $23,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after purchasing an additional 188,911 shares during the period. XTX Topco Ltd boosted its stake in Coursera by 19.0% during the third quarter. XTX Topco Ltd now owns 99,474 shares of the company's stock worth $790,000 after acquiring an additional 15,891 shares in the last quarter. Zacks Investment Management grew its stake in shares of Coursera by 9.6% in the 3rd quarter. Zacks Investment Management now owns 83,448 shares of the company's stock worth $663,000 after buying an additional 7,334 shares during the last quarter. State Street Corp boosted 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 worth $23,401,000 after acquiring an additional 63,549 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock worth $21,361,000 after purchasing an additional 172,585 shares in the last quarter. Institutional investors own 89.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank started coverage on shares of Coursera in a research report on Thursday, December 5th. They set a "sector perform" rating and a $9.00 price objective on the stock. Royal Bank of Canada cut their price objective on Coursera from $18.00 to $10.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Morgan Stanley lowered their price objective on shares of Coursera from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group restated an "outperform" rating and set a $18.00 target price on shares of Coursera in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research report on Monday, November 25th. They issued a "neutral" rating and a $8.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.52.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.30% of the company's stock.

Coursera Price Performance

Shares of NYSE:COUR traded down $0.10 during trading hours on Friday, hitting $8.39. 1,767,229 shares of the company's stock traded hands, compared to its average volume of 2,296,650. The business has a fifty day moving average price of $7.76 and a 200-day moving average price of $7.70. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $20.73. The firm has a market capitalization of $1.33 billion, a P/E ratio of -16.45 and a beta of 1.49.

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.