Coursera, Inc. (NYSE:COUR) Shares Acquired by State Street Corp

State Street Corp raised its stake in Coursera, Inc. (NYSE:COUR - Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,947,168 shares of the company's stock after buying an additional 63,549 shares during the period. State Street Corp owned approximately 1.86% of Coursera worth $23,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Coursera by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company's stock worth $3,385,000 after buying an additional 62,312 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Coursera by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company's stock valued at $181,000 after purchasing an additional 3,375 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Coursera in the second quarter valued at approximately $3,162,000. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock worth $62,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Waterfront Wealth Inc. acquired a new position in shares of Coursera during the 2nd quarter worth approximately $577,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COUR has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $18.00 target price on shares of Coursera in a report on Monday, October 21st. Bank of America began coverage on Coursera in a research report on Thursday, September 19th. They set a "buy" rating and a $11.00 price objective for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Needham & Company LLC lowered their price target on shares of Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Scotiabank started coverage on shares of Coursera in a research report on Thursday, December 5th. They issued a "sector perform" rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.52.

Coursera Stock Up 1.2 %

Shares of NYSE COUR traded up $0.10 during midday trading on Monday, hitting $8.41. The stock had a trading volume of 2,121,042 shares, compared to its average volume of 2,309,632. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $20.73. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -16.49 and a beta of 1.49. The company has a fifty day moving average price of $7.68 and a 200 day moving average price of $7.67.

Insider Buying and Selling at Coursera

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

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.