SBI Securities Co. Ltd. Purchases Shares of 4,150 Coursera, Inc. (NYSE:COUR)

SBI Securities Co. Ltd. purchased a new stake in Coursera, Inc. (NYSE:COUR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,150 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pitcairn Co. increased its position in shares of Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after acquiring an additional 1,971 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock worth $1,329,000 after acquiring an additional 2,543 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Coursera by 6.4% during the fourth quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after acquiring an additional 2,552 shares in the last quarter. FMR LLC increased its position in shares of Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COUR shares. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. UBS Group boosted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Coursera in a report on Monday, January 27th. JPMorgan Chase & Co. started coverage on shares of Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.13.

Coursera Stock Up 0.6 %

COUR opened at $7.05 on Wednesday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -13.55 and a beta of 1.40. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $14.98. The company’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $7.95.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the company’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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.30% of the company’s stock.

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.