Geode Capital Management LLC Has $23.21 Million Position in Coursera, Inc. (NYSE:COUR)

Geode Capital Management LLC increased its holdings in shares of Coursera, Inc. (NYSE:COUR) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,922,953 shares of the company’s stock after purchasing an additional 199,050 shares during the period. Geode Capital Management LLC owned approximately 1.85% of Coursera worth $23,214,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Coursera by 15.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 472,760 shares of the company’s stock worth $3,385,000 after purchasing an additional 62,312 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Coursera by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,243 shares of the company’s stock worth $181,000 after buying an additional 3,375 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Coursera in the 2nd quarter valued at $3,162,000. nVerses Capital LLC lifted its holdings in shares of Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after acquiring an additional 1,800 shares during the period. Finally, Waterfront Wealth Inc. acquired a new stake in shares of Coursera during the 2nd quarter valued at about $577,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Analysts Set New Price Targets

COUR has been the topic of a number of recent analyst reports. Bank of America started coverage on Coursera in a research note on Thursday, September 19th. They issued a “buy” rating and a $11.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price for the company. Finally, Scotiabank began coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.52.

Coursera Trading Down 1.2 %

Shares of COUR stock opened at $8.39 on Friday. The stock has a market cap of $1.33 billion, a P/E ratio of -16.45 and a beta of 1.49. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $20.73. The stock has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $7.70.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on 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. This trade represents a 3.05 % 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.

Coursera Company 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.