JPMorgan Chase & Co. Has $3.81 Million Stock Position in Coursera, Inc. (NYSE:COUR)

JPMorgan Chase & Co. cut its holdings in Coursera, Inc. (NYSE:COUR) by 55.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 480,157 shares of the company’s stock after selling 587,197 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Coursera worth $3,812,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Algert Global LLC increased its holdings in shares of Coursera by 17.7% during the third quarter. Algert Global LLC now owns 475,496 shares of the company’s stock worth $3,775,000 after purchasing an additional 71,382 shares during the period. Assenagon Asset Management S.A. increased its stake in Coursera by 6.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares during the period. Geode Capital Management LLC raised its holdings in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Coursera during the 3rd quarter valued at $3,090,000. Finally, Franklin Resources Inc. bought a new position in shares of Coursera in the third quarter worth $1,651,000. 89.55% of the stock is owned by institutional investors.

Coursera Price Performance

COUR opened at $8.51 on Friday. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $20.73. The company’s 50 day moving average price is $8.14 and its two-hundred day moving average price is $7.89. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -16.68 and a beta of 1.44.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 6,102 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 194,082 shares in the company, valued at $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. KeyCorp reduced their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada cut their target price on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Scotiabank began coverage on Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.