Coursera, Inc. (NYSE:COUR) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in Coursera, Inc. (NYSE:COUR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,300 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Swiss National Bank owned approximately 0.17% of Coursera worth $2,230,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COUR. Victory Capital Management Inc. lifted its stake in shares of Coursera by 110.9% in the 3rd quarter. Victory Capital Management Inc. now owns 81,749 shares of the company’s stock worth $649,000 after acquiring an additional 42,993 shares during the period. Intech Investment Management LLC purchased a new position in Coursera during the third quarter worth about $335,000. Charles Schwab Investment Management Inc. lifted its position in Coursera by 17.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company’s stock valued at $8,228,000 after purchasing an additional 156,512 shares during the period. Pitcairn Co. boosted its holdings in Coursera by 16.9% in the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after purchasing an additional 1,971 shares in the last quarter. Finally, FMR LLC increased its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COUR. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday. Scotiabank initiated coverage on shares of Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Coursera has an average rating of “Hold” and an average target price of $9.83.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 15.90% of the stock is owned by corporate insiders.

Coursera Stock Down 4.9 %

COUR opened at $6.92 on Friday. The business’s fifty day simple moving average is $7.90 and its 200 day simple moving average is $7.88. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $14.29. The firm has a market cap of $1.11 billion, a P/E ratio of -13.30 and a beta of 1.40.

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.