Landscape Capital Management L.L.C. purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 245,415 shares of the company's stock, valued at approximately $2,086,000. Landscape Capital Management L.L.C. owned 0.15% of Coursera at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of COUR. Norges Bank acquired a new stake in shares of Coursera during the 4th quarter worth approximately $17,010,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Coursera by 61.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company's stock valued at $13,082,000 after buying an additional 628,140 shares in the last quarter. Vanguard Group Inc. grew its position in Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after acquiring an additional 440,948 shares during the last quarter. Alliancebernstein L.P. raised its stake in Coursera by 220.3% during the fourth quarter. Alliancebernstein L.P. now owns 473,670 shares of the company's stock worth $4,026,000 after acquiring an additional 325,770 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Coursera by 73.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 675,208 shares of the company's stock worth $5,739,000 after acquiring an additional 286,012 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on COUR. UBS Group upped their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and set a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Bank of America reiterated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $9.75.
View Our Latest Report on COUR
Coursera Trading Down 6.5 %
NYSE COUR traded down $0.46 during trading hours on Thursday, hitting $6.52. 695,040 shares of the company's stock were exchanged, compared to its average volume of 2,347,392. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -12.58 and a beta of 1.42. The stock has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $7.78. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $13.39.
Insider Transactions at Coursera
In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.30% 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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