Coursera, Inc. (NYSE:COUR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Coursera, Inc. (NYSE:COUR) by 66.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,209 shares of the company’s stock after purchasing an additional 34,701 shares during the quarter. SG Americas Securities LLC’s holdings in Coursera were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diversified Trust Co acquired a new position in shares of Coursera in the fourth quarter worth about $131,000. Franklin Resources Inc. purchased a new position in Coursera during the third quarter worth approximately $1,651,000. Geode Capital Management LLC grew its holdings in Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after purchasing an additional 199,050 shares during the period. Barclays PLC grew its holdings in Coursera by 24.4% in the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after purchasing an additional 188,911 shares during the period. Finally, XTX Topco Ltd grew its holdings in Coursera by 19.0% in the third quarter. XTX Topco Ltd now owns 99,474 shares of the company’s stock valued at $790,000 after purchasing an additional 15,891 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Up 0.3 %

COUR opened at $9.59 on Thursday. The firm has a market cap of $1.52 billion, a P/E ratio of -18.81 and a beta of 1.44. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $20.72. The business’s fifty day simple moving average is $8.43 and its 200 day simple moving average is $7.99.

Analyst Upgrades and Downgrades

Several analysts have commented on COUR shares. Telsey Advisory Group reissued an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a report on Tuesday. JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They issued a “neutral” rating and a $8.00 price objective on the stock. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective 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 report on Friday, October 25th. Finally, KeyCorp decreased their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.27.

Insider Activity

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