JPMorgan Chase & Co. Raises Stock Holdings in Coursera, Inc. (NYSE:COUR)

JPMorgan Chase & Co. raised its position 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 firm owned 574,116 shares of the company's stock after buying an additional 93,959 shares during the period. JPMorgan Chase & Co. owned about 0.36% of Coursera worth $4,880,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Coursera during the 3rd quarter valued at about $1,651,000. SBI Securities Co. Ltd. purchased a new position in shares of Coursera during the fourth quarter valued at about $35,000. Sei Investments Co. raised its stake in Coursera by 340.9% in the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after buying an additional 211,191 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Coursera by 24.4% in the third quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after buying an additional 188,911 shares during the period. Institutional investors own 89.55% of the company's stock.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.80% of the stock is owned by company insiders.

Coursera Stock Performance

Shares of NYSE COUR traded down $0.18 during midday trading on Monday, hitting $7.13. 1,858,621 shares of the stock traded hands, compared to its average volume of 2,336,897. Coursera, Inc. has a one year low of $5.76 and a one year high of $12.37. The firm has a market capitalization of $1.15 billion, a P/E ratio of -13.71 and a beta of 1.42. The firm has a 50-day moving average of $7.28 and a two-hundred day moving average of $7.73.

Wall Street Analyst Weigh In

COUR has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. Bank of America reissued an "underperform" rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley reduced their price objective on Coursera from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.