SG Americas Securities LLC Purchases 34,701 Shares of Coursera, Inc. (NYSE:COUR)

SG Americas Securities LLC lifted its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 66.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,209 shares of the company's stock after purchasing an additional 34,701 shares during the quarter. SG Americas Securities LLC owned 0.06% of Coursera worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COUR. State Street Corp raised its holdings in shares of Coursera by 2.2% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Millennium Management LLC boosted its holdings in Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company's stock valued at $20,055,000 after purchasing an additional 1,123,397 shares in the last quarter. Invenomic Capital Management LP boosted its stake in shares of Coursera by 6.9% during the third quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company's stock worth $21,361,000 after buying an additional 172,585 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Coursera by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company's stock worth $19,007,000 after acquiring an additional 15,694 shares during the period. 89.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on COUR. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price target on shares of Coursera in a research report on Thursday, December 5th. Morgan Stanley cut their price objective on Coursera from $15.00 to $10.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. BMO Capital Markets dropped their price objective on shares of Coursera from $10.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. KeyCorp reduced their target price on shares of Coursera from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada dropped their price target on shares of Coursera from $18.00 to $10.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $10.27.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.30% of the stock is owned by corporate insiders.

Coursera Stock Performance

Shares of NYSE COUR traded down $1.10 during mid-day trading on Thursday, reaching $8.48. The company's stock had a trading volume of 4,490,996 shares, compared to its average volume of 1,620,359. The stock has a market capitalization of $1.34 billion, a P/E ratio of -16.63 and a beta of 1.44. The stock has a 50-day moving average of $8.43 and a two-hundred day moving average of $7.99. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $20.56.

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.