Corebridge Financial Inc. Has $581,000 Stake in Coursera, Inc. (NYSE:COUR)

Corebridge Financial Inc. lowered its holdings in Coursera, Inc. (NYSE:COUR) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 68,400 shares of the company’s stock after selling 5,163 shares during the period. Corebridge Financial Inc.’s holdings in Coursera were worth $581,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in Coursera during the 4th quarter worth about $35,000. FMR LLC raised its stake in shares of Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after acquiring an additional 2,651 shares during the last quarter. KBC Group NV lifted its position in shares of Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after purchasing an additional 4,376 shares in the last quarter. New York State Teachers Retirement System bought a new position in Coursera in the 4th quarter valued at $107,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Coursera in the 4th quarter valued at $109,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COUR. Bank of America reaffirmed an “underperform” rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group restated an “outperform” rating and set a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. UBS Group increased their price objective on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 target price on shares of Coursera in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.83.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were 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. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 16.30% of the company’s stock.

Coursera Stock Down 1.0 %

Shares of NYSE COUR opened at $6.20 on Tuesday. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $13.90. The stock has a market cap of $992.48 million, a price-to-earnings ratio of -11.91 and a beta of 1.42. The company’s fifty day moving average is $7.60 and its 200-day moving average is $7.81.

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.