Charles Schwab Investment Management Inc. Cuts Stock Position in Coursera, Inc. (NYSE:COUR)

Charles Schwab Investment Management Inc. cut its holdings in Coursera, Inc. (NYSE:COUR) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,005,070 shares of the company’s stock after selling 31,230 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Coursera were worth $8,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Coursera in the fourth quarter worth $35,000. FMR LLC lifted its position in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after buying an additional 2,651 shares during the last quarter. KBC Group NV lifted its position in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Coursera in the fourth quarter worth $107,000. Finally, Pitcairn Co. lifted its position in Coursera by 16.9% in the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Up 0.1 %

Shares of NYSE:COUR opened at $7.13 on Monday. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $14.32. The company has a market capitalization of $1.14 billion, a PE ratio of -13.70 and a beta of 1.40. The business has a 50 day moving average of $8.00 and a two-hundred day moving average of $7.89.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COUR. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. JPMorgan Chase & Co. started coverage on Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. Scotiabank started coverage on Coursera in a research report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Coursera 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.