Geode Capital Management LLC Buys 199,050 Shares of Coursera, Inc. (NYSE:COUR)

Geode Capital Management LLC increased its stake in shares of Coursera, Inc. (NYSE:COURFree Report) by 7.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,922,953 shares of the company’s stock after buying an additional 199,050 shares during the period. Geode Capital Management LLC’s holdings in Coursera were worth $23,214,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC raised its stake in shares of Coursera by 17.7% in the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after buying an additional 71,382 shares during the period. Assenagon Asset Management S.A. increased its holdings in Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Coursera in the 3rd quarter valued at about $3,090,000. Barclays PLC lifted its holdings in Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after purchasing an additional 188,911 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Coursera by 67.0% during 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 during the last quarter. Institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the transaction, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COUR shares. JPMorgan Chase & Co. began coverage on shares of Coursera in a research report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target on the stock. The Goldman Sachs Group lowered their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. Morgan Stanley cut their price target on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. KeyCorp decreased their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC cut their target price on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.52.

Read Our Latest Report on COUR

Coursera Stock Performance

Coursera stock opened at $8.39 on Friday. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $20.73. The stock has a market cap of $1.33 billion, a P/E ratio of -16.45 and a beta of 1.49. The firm’s fifty day moving average price is $7.76 and its 200-day moving average price is $7.70.

Coursera Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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