State Street Corp Has $23.40 Million Position in Coursera, Inc. (NYSE:COUR)

State Street Corp increased its stake in shares of Coursera, Inc. (NYSE:COUR) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,947,168 shares of the company’s stock after acquiring an additional 63,549 shares during the quarter. State Street Corp owned approximately 1.86% of Coursera worth $23,401,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Coursera by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 70,457 shares of the company’s stock valued at $504,000 after acquiring an additional 1,276 shares in the last quarter. nVerses Capital LLC increased its stake in Coursera by 26.1% during the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after purchasing an additional 1,800 shares in the last quarter. Pitcairn Co. raised its holdings in Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. FMR LLC lifted its stake in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after buying an additional 2,651 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Coursera by 11.2% during the third quarter. Harbor Capital Advisors Inc. now owns 26,424 shares of the company’s stock valued at $210,000 after buying an additional 2,658 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Down 1.1 %

COUR opened at $8.31 on Monday. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $20.73. The company’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $7.66. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -16.29 and a beta of 1.49.

Analyst Upgrades and Downgrades

COUR has been the topic of a number of analyst reports. Scotiabank started coverage on shares of Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Bank of America initiated coverage on Coursera in a report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price on the stock. KeyCorp cut their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC lowered their price target on Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.52.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.30% of the stock is currently owned by insiders.

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.