Charles Schwab Investment Management Inc. Purchases 156,512 Shares of Coursera, Inc. (NYSE:COUR)

Charles Schwab Investment Management Inc. boosted its stake in Coursera, Inc. (NYSE:COUR) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,036,300 shares of the company’s stock after acquiring an additional 156,512 shares during the period. Charles Schwab Investment Management Inc. owned 0.65% of Coursera worth $8,228,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in Coursera during the second quarter valued at approximately $9,525,000. Millennium Management LLC grew its position in Coursera by 67.0% during the 2nd 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. M&G Plc purchased a new stake in Coursera during the 2nd quarter valued at about $5,048,000. Acadian Asset Management LLC boosted its holdings in shares of Coursera by 101.9% during the 2nd quarter. Acadian Asset Management LLC now owns 940,592 shares of the company’s stock valued at $6,731,000 after acquiring an additional 474,723 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Coursera in the 2nd quarter worth approximately $3,162,000. Institutional investors own 89.55% of the company’s stock.

Insiders Place Their Bets

In related news, Director Andrew Y. Ng sold 6,221 shares of Coursera 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 transaction, the director now directly owns 7,297,671 shares in the company, valued at $58,600,298.13. The trade was a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The shares were 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 $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 in the last quarter. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $8.50 on Wednesday. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $21.26. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -16.66 and a beta of 1.49. The stock’s 50-day moving average is $7.53 and its 200-day moving average is $7.61.

Wall Street Analysts Forecast Growth

COUR has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. BMO Capital Markets dropped their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Bank of America initiated coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.