Sei Investments Co. Increases Position in Coursera, Inc. (NYSE:COUR)

Sei Investments Co. boosted its stake in Coursera, Inc. (NYSE:COUR) by 340.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,147 shares of the company’s stock after purchasing an additional 211,191 shares during the quarter. Sei Investments Co. owned about 0.17% of Coursera worth $2,322,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera during the fourth quarter worth $35,000. FMR LLC grew 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 last quarter. KBC Group NV grew its stake in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Coursera in the fourth quarter worth $107,000. Finally, Cibc World Markets Corp purchased a new position in shares of Coursera during the 4th quarter valued at about $109,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Performance

COUR opened at $6.23 on Friday. Coursera, Inc. has a one year low of $5.97 and a one year high of $14.01. The company has a market capitalization of $997.28 million, a PE ratio of -11.97 and a beta of 1.40. The stock’s fifty day moving average is $7.67 and its 200-day moving average is $7.83.

Analyst Ratings Changes

COUR has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Bank of America reissued an “underperform” rating and set a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Coursera in a report on Monday, January 27th. 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 raised their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.83.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.30% of the stock is currently owned by corporate insiders.

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.