Coursera, Inc. (NYSE:COUR) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in Coursera, Inc. (NYSE:COUR - Free Report) by 340.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,147 shares of the company's stock after acquiring an additional 211,191 shares during the period. Sei Investments Co. owned approximately 0.17% of Coursera worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. increased its holdings in Coursera by 1.7% in the 4th quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock worth $1,329,000 after buying an additional 2,543 shares during the period. New York State Common Retirement Fund lifted its position in Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock valued at $360,000 after purchasing an additional 2,552 shares during the period. FMR LLC boosted its holdings in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. Swiss National Bank grew its position in Coursera by 1.2% during the 4th quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after purchasing an additional 3,100 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Coursera in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 89.55% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on COUR shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday. 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. Finally, Bank of America reissued an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. 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's stock. According to data from MarketBeat.com, Coursera presently has a consensus rating of "Hold" and an average target price of $9.75.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction 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 sale, the senior vice president now owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction 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.

Coursera Price Performance

Shares of NYSE:COUR traded up $0.81 during mid-day trading on Wednesday, reaching $6.98. 3,271,148 shares of the company were exchanged, compared to its average volume of 2,353,779. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $13.39. The firm's 50-day simple moving average is $7.42 and its 200 day simple moving average is $7.78. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -13.42 and a beta of 1.42.

Coursera 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.