XTX Topco Ltd Raises Holdings in Coursera, Inc. (NYSE:COUR)

XTX Topco Ltd lifted its holdings in shares of Coursera, Inc. (NYSE:COUR) by 108.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 83,583 shares of the company’s stock after acquiring an additional 43,540 shares during the period. XTX Topco Ltd owned approximately 0.05% of Coursera worth $598,000 at the end of the most recent quarter.

Other large investors have also 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 acquiring an additional 3,860 shares during the last quarter. Natixis purchased a new stake in Coursera in the first quarter valued at approximately $35,000. Covestor Ltd boosted its position in Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares during the last quarter. nVerses Capital LLC boosted its position in Coursera by 26.1% in the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares during the last quarter. Finally, LGT Group Foundation purchased a new stake in Coursera in the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $7.84 on Tuesday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -11.36 and a beta of 1.42. The stock has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $9.37. Coursera, Inc. has a 1-year low of $6.35 and a 1-year high of $21.26.

Coursera (NYSE:COUR) last announced its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to the consensus estimate of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) EPS. Analysts anticipate that Coursera, Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COUR has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. KeyCorp dropped their target price on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on Coursera from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Cantor Fitzgerald upgraded Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group decreased their price target on Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera presently has a consensus rating of “Moderate Buy” and an average price target of $14.73.

Insider Transactions at Coursera

In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $58,600,298.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Andrew Y. Ng sold 6,221 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $58,600,298.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares of the company’s stock, valued at $1,715,479.18. The disclosure for this sale can be found here. Insiders sold a total of 39,068 shares of company stock valued at $324,787 in the last three months. 16.30% of the stock is currently owned by company insiders.

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.