Daiwa Securities Group Inc. reduced its position in Coursera, Inc. (NYSE:COUR – Get Rating) by 15.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,382 shares of the company's stock after selling 2,690 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Coursera were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Coursera by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 312,725 shares of the company's stock worth $7,205,000 after buying an additional 2,907 shares during the period. Bank of Montreal Can purchased a new stake in shares of Coursera during the first quarter worth about $2,214,000. MetLife Investment Management LLC raised its stake in Coursera by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 40,863 shares of the company's stock valued at $941,000 after purchasing an additional 14,570 shares during the period. Vontobel Holding Ltd. lifted its holdings in Coursera by 2.6% in the 1st quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company's stock worth $1,623,000 after purchasing an additional 1,798 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Coursera by 45.7% in the 1st quarter. Allianz Asset Management GmbH now owns 13,892 shares of the company's stock worth $320,000 after purchasing an additional 4,357 shares during the period. 62.31% of the stock is owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other news, Director Amanda Clark sold 9,598 shares of the firm's stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $13.79, for a total value of $132,356.42. Following the completion of the sale, the director now owns 55,752 shares in the company, valued at approximately $768,820.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Amanda Clark sold 9,598 shares of the company's stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $13.79, for a total transaction of $132,356.42. Following the transaction, the director now owns 55,752 shares of the company's stock, valued at $768,820.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew Y. Ng sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $12.95, for a total value of $518,000.00. Following the sale, the director now directly owns 7,290,398 shares of the company's stock, valued at $94,410,654.10. The disclosure for this sale can be found here.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Coursera to $15.00 in a research report on Wednesday, November 16th. Morgan Stanley decreased their price target on shares of Coursera from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 25th. Finally, Truist Financial cut their price objective on Coursera from $20.00 to $17.00 in a research report on Thursday, October 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Coursera has a consensus rating of "Moderate Buy" and a consensus target price of $23.64.
Coursera Price Performance
Shares of NYSE COUR opened at $14.28 on Thursday. Coursera, Inc. has a 1-year low of $9.81 and a 1-year high of $24.01. The business's 50 day moving average is $12.95 and its two-hundred day moving average is $12.86. The stock has a market capitalization of $2.09 billion, a P/E ratio of -11.90 and a beta of 1.41.
Coursera (NYSE:COUR – Get Rating) last released its earnings results on Wednesday, October 26th. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. The firm had revenue of $136.39 million for the quarter, compared to the consensus estimate of $128.38 million. Coursera had a negative return on equity of 23.68% and a negative net margin of 34.51%. As a group, equities research analysts anticipate that Coursera, Inc. will post -1.13 earnings per share for the current fiscal year.
Coursera Company Profile
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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.
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