Amundi Cuts Stock Holdings in Coursera, Inc. (NYSE:COUR)

Amundi reduced its stake in Coursera, Inc. (NYSE:COUR) by 13.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 194,751 shares of the company’s stock after selling 30,688 shares during the quarter. Amundi’s holdings in Coursera were worth $1,667,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in shares of Coursera in the third quarter valued at about $835,000. Los Angeles Capital Management LLC purchased a new stake in Coursera in the 3rd quarter valued at about $149,000. Versor Investments LP bought a new position in shares of Coursera during the 3rd quarter worth approximately $106,000. Victory Capital Management Inc. boosted its stake in shares of Coursera by 110.9% in the 3rd quarter. Victory Capital Management Inc. now owns 81,749 shares of the company’s stock worth $649,000 after buying an additional 42,993 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Coursera in the 3rd quarter worth approximately $3,090,000. 89.55% of the stock is currently owned by institutional investors.

Coursera Trading Up 0.9 %

COUR opened at $7.04 on Tuesday. The company has a 50 day moving average of $8.11 and a 200 day moving average of $7.91. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $14.64. The company has a market cap of $1.13 billion, a PE ratio of -13.53 and a beta of 1.40.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Finally, Scotiabank initiated coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

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.