Assenagon Asset Management S.A. Has $5.95 Million Position in Coursera, Inc. (NYSE:COUR)

Assenagon Asset Management S.A. trimmed its position in shares of Coursera, Inc. (NYSE:COUR) by 50.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 700,202 shares of the company’s stock after selling 713,439 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.44% of Coursera worth $5,952,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in COUR. Rhumbline Advisers lifted its holdings in shares of Coursera by 4.9% during the second quarter. Rhumbline Advisers now owns 193,843 shares of the company’s stock worth $1,388,000 after purchasing an additional 9,069 shares during the period. Victory Capital Management Inc. lifted its holdings in Coursera by 150.7% during the 2nd quarter. Victory Capital Management Inc. now owns 38,756 shares of the company’s stock worth $277,000 after buying an additional 23,294 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock valued at $19,007,000 after buying an additional 15,694 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Coursera by 13.1% in the second quarter. Hsbc Holdings PLC now owns 186,855 shares of the company’s stock valued at $1,320,000 after buying an additional 21,629 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Coursera by 108.7% during the second quarter. XTX Topco Ltd now owns 83,583 shares of the company’s stock worth $598,000 after acquiring an additional 43,540 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction 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 transaction, the senior vice president now owns 194,082 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Coursera Price Performance

COUR opened at $8.51 on Monday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -16.68 and a beta of 1.44. Coursera, Inc. has a one year low of $6.29 and a one year high of $20.73. The company has a fifty day moving average price of $8.14 and a 200-day moving average price of $7.90.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COUR shares. KeyCorp lowered their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. Royal Bank of Canada cut their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price objective on shares of Coursera in a research note on Monday, October 21st. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.52.

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.