Cibc World Markets Corp Makes New $109,000 Investment in Coursera, Inc. (NYSE:COUR)

Cibc World Markets Corp purchased a new stake in Coursera, Inc. (NYSE:COUR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 12,875 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Coursera in the fourth quarter valued at approximately $35,000. FMR LLC lifted its holdings in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the last quarter. KBC Group NV boosted its position in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the period. New York State Teachers Retirement System bought a new position in Coursera during the 4th quarter worth $107,000. Finally, Pitcairn Co. increased 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 period. 89.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on COUR. Telsey Advisory Group restated an “outperform” rating and set a $15.00 price target on shares of Coursera in a research report on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Scotiabank initiated coverage on Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $9.83.

Coursera Trading Down 4.9 %

Shares of NYSE COUR opened at $6.92 on Friday. The firm has a 50-day moving average of $7.90 and a two-hundred day moving average of $7.88. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -13.30 and a beta of 1.40. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $14.29.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.90% of the company’s stock.

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.