Intech Investment Management LLC lifted its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 83.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,467 shares of the company's stock after purchasing an additional 35,228 shares during the quarter. Intech Investment Management LLC's holdings in Coursera were worth $658,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Coursera during the fourth quarter valued at about $35,000. FMR LLC increased its holdings in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after acquiring an additional 2,651 shares during the last quarter. KBC Group NV raised its stake in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after acquiring an additional 4,376 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Coursera in the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp bought a new stake in Coursera during the fourth quarter worth approximately $109,000. Institutional investors own 89.55% of the company's stock.
Analysts Set New Price Targets
COUR has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Bank of America restated an "underperform" rating and set a $7.00 price target on shares of Coursera in a report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Scotiabank assumed coverage on Coursera in a research note on Thursday, December 5th. They set a "sector perform" rating and a $9.00 target price for the company. Finally, UBS Group raised their target price on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a report on Friday, January 31st. Two investment 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. Based on data from MarketBeat.com, Coursera has a consensus rating of "Hold" and an average target price of $9.83.
Read Our Latest Report on COUR
Insiders Place Their Bets
In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.90% of the company's stock.
Coursera Price Performance
Shares of COUR traded down $0.36 on Thursday, reaching $6.92. 1,130,905 shares of the stock traded hands, compared to its average volume of 2,278,102. The stock's 50-day moving average price is $7.93 and its 200-day moving average price is $7.88. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -13.30 and a beta of 1.40. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $14.32.
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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