Fmr LLC Increases Stake in Coursera, Inc. (NYSE:COUR)

Fmr LLC grew its stake in Coursera, Inc. (NYSE:COUR) by 67.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,574 shares of the company’s stock after purchasing an additional 2,651 shares during the period. Fmr LLC’s holdings in Coursera were worth $52,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. CWM LLC increased its position in shares of Coursera by 82.3% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after buying an additional 3,217 shares in the last quarter. nVerses Capital LLC grew its stake in 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 period. LGT Group Foundation purchased a new stake in Coursera in the 2nd quarter worth $73,000. Quarry LP raised its position in Coursera by 936.6% during the second 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 period. Finally, Versor Investments LP acquired a new position in Coursera during the third quarter worth $106,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Transactions at Coursera

In other news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total transaction of $41,676.66. Following the completion of the transaction, the senior vice president now directly owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $8.38 on Wednesday. The company has a market capitalization of $1.33 billion, a PE ratio of -16.43 and a beta of 1.49. The firm’s 50-day moving average is $7.70 and its two-hundred day moving average is $7.67. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $20.73.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. Needham & Company LLC decreased their target price on Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Scotiabank assumed coverage on Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective on the stock. Finally, KeyCorp dropped their target price on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Coursera currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.52.

Coursera 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.