UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.08 Million Stock Position in Coursera, Inc. (NYSE:COUR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 61.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,647,619 shares of the company's stock after purchasing an additional 628,140 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.04% of Coursera worth $13,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in shares of Coursera by 7,568.6% during the second quarter. CWM LLC now owns 3,911 shares of the company's stock worth $28,000 after purchasing an additional 3,860 shares during the period. FMR LLC grew 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 buying an additional 2,651 shares during the period. nVerses Capital LLC increased its stake in shares of Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company's stock valued at $62,000 after acquiring an additional 1,800 shares during the last quarter. LGT Group Foundation acquired a new stake in shares of Coursera in the 2nd quarter valued at approximately $73,000. Finally, Quarry LP boosted its stake in Coursera by 936.6% during the 2nd quarter. Quarry LP now owns 10,356 shares of the company's stock worth $74,000 after acquiring an additional 9,357 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on COUR shares. Scotiabank started coverage on shares of Coursera in a research note on Thursday. They issued a "sector perform" rating and a $9.00 target price for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday. Morgan Stanley reduced their target price on Coursera from $15.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Needham & Company LLC lowered their price target on Coursera from $15.00 to $11.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They set a "neutral" rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Coursera has an average rating of "Moderate Buy" and an average target price of $10.52.

Insider Transactions at Coursera

In other Coursera news, Director Andrew Y. Ng sold 6,221 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,885 shares of company stock valued at $102,815 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

Coursera Price Performance

NYSE:COUR traded down $0.12 during trading hours on Friday, reaching $8.25. 1,400,734 shares of the stock were exchanged, compared to its average volume of 2,955,284. The stock has a market cap of $1.31 billion, a PE ratio of -16.18 and a beta of 1.49. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $21.26. The firm has a 50 day moving average of $7.50 and a 200 day moving average of $7.61.

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.