2,001,179 Shares in Coursera, Inc. (NYSE:COUR) Bought by Norges Bank

Norges Bank purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,001,179 shares of the company's stock, valued at approximately $17,010,000. Norges Bank owned about 1.26% of Coursera as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Coursera by 17.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company's stock worth $8,228,000 after buying an additional 156,512 shares during the period. FMR LLC boosted its position in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after purchasing an additional 2,651 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Coursera by 79.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,341 shares of the company's stock valued at $360,000 after purchasing an additional 20,098 shares during the last quarter. State Street Corp raised its position in Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock valued at $23,401,000 after purchasing an additional 63,549 shares during the period. Finally, Zacks Investment Management lifted its stake in Coursera by 9.6% during the third quarter. Zacks Investment Management now owns 83,448 shares of the company's stock worth $663,000 after purchasing an additional 7,334 shares in the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

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Coursera Trading Up 2.8 %

Shares of NYSE COUR traded up $0.19 during trading hours on Friday, reaching $6.80. The stock had a trading volume of 1,305,772 shares, compared to its average volume of 2,351,363. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $13.25. The firm has a 50-day moving average of $7.37 and a 200-day moving average of $7.76. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -13.07 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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. JPMorgan Chase & Co. cut their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Monday, January 27th. UBS Group increased their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.75.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated 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 owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.30% of the company's stock.

Coursera Company 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.