12,590 Shares in Coursera, Inc. (NYSE:COUR) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System bought a new stake in Coursera, Inc. (NYSE:COUR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,590 shares of the company’s stock, valued at approximately $107,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on COUR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. JPMorgan Chase & Co. initiated coverage on shares of Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective for the company. Scotiabank initiated coverage on shares of Coursera in a research note on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Finally, UBS Group boosted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Insider Activity

In related news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.30% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $8.08 on Tuesday. The stock has a market cap of $1.28 billion, a PE ratio of -15.53 and a beta of 1.42. The stock’s fifty day moving average is $8.42 and its two-hundred day moving average is $7.99. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $16.44.

About Coursera

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.