Vanguard Group Inc. Purchases 2,195,148 Shares of Coursera, Inc. $COUR

Vanguard Group Inc. raised its position in shares of Coursera, Inc. (NYSE:COUR) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,116,748 shares of the company’s stock after buying an additional 2,195,148 shares during the period. Vanguard Group Inc. owned about 9.69% of Coursera worth $118,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP increased its holdings in Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company’s stock valued at $47,000 after purchasing an additional 3,465 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Coursera by 163.7% during the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock worth $64,000 after purchasing an additional 4,550 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Coursera during the fourth quarter worth $102,000. State of Alaska Department of Revenue acquired a new stake in shares of Coursera in the third quarter valued at $104,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Coursera in the second quarter valued at $111,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Stock Performance

NYSE COUR opened at $5.76 on Wednesday. Coursera, Inc. has a 52 week low of $5.00 and a 52 week high of $13.56. The stock has a market capitalization of $974.32 million, a price-to-earnings ratio of -15.14 and a beta of 1.30. The stock’s 50 day moving average price is $5.98 and its two-hundred day moving average price is $6.87.

Coursera (NYSE:COUR) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $195.70 million for the quarter, compared to analyst estimates of $195.17 million. Coursera had a negative return on equity of 5.41% and a negative net margin of 8.23%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts forecast that Coursera, Inc. will post -0.09 EPS for the current year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,710 shares of Coursera stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at approximately $1,289,825.92. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on COUR shares. Telsey Advisory Group reduced their price target on shares of Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Morgan Stanley set a $7.50 target price on shares of Coursera in a research note on Friday, April 24th. The Goldman Sachs Group reduced their target price on shares of Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research report on Saturday, February 7th. Wall Street Zen cut shares of Coursera from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, KeyCorp lowered their target price on Coursera from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.50.

About Coursera

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.