Fmr LLC Increases Position in Coursera, Inc. (NYSE:COUR)

Fmr LLC grew its holdings in shares of Coursera, Inc. (NYSE:COUR) by 67.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,574 shares of the company’s stock after buying an additional 2,651 shares during the quarter. Fmr LLC’s holdings in Coursera were worth $52,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COUR. CWM LLC grew its position in Coursera by 82.3% in the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after acquiring an additional 3,217 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Coursera by 26.1% during the second 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 during the period. LGT Group Foundation bought a new position in shares of Coursera in the second quarter worth about $73,000. Quarry LP increased its stake in Coursera by 936.6% in the 2nd quarter. Quarry LP now owns 10,356 shares of the company’s stock worth $74,000 after buying an additional 9,357 shares during the period. Finally, Versor Investments LP bought a new stake in Coursera during the 3rd quarter valued at about $106,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Scotiabank started coverage on shares of Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Morgan Stanley dropped their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.52.

Insiders Place Their Bets

In related news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now directly owns 194,082 shares of the company’s stock, valued at $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

Coursera Stock Down 0.4 %

Shares of Coursera stock opened at $8.38 on Wednesday. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $20.73. The firm’s 50 day moving average price is $7.70 and its 200-day moving average price is $7.67. The company has a market cap of $1.33 billion, a P/E ratio of -16.43 and a beta of 1.49.

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.