199,056 Shares in Coursera, Inc. $COUR Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Coursera, Inc. (NYSE:COUR) during the 2nd quarter, Holdings Channel reports. The fund acquired 199,056 shares of the company’s stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Coursera in the second quarter valued at about $116,245,000. Caledonia Private Investments Pty Ltd bought a new position in shares of Coursera in the second quarter worth about $114,918,000. Vanguard Group Inc. boosted its stake in shares of Coursera by 15.8% in the 4th quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock valued at $118,619,000 after purchasing an additional 2,195,148 shares in the last quarter. Pale Fire Capital SE acquired a new stake in shares of Coursera in the 1st quarter valued at approximately $61,178,000. Finally, Mak Capital One LLC bought a new stake in shares of Coursera during the 4th quarter valued at approximately $27,610,000. Institutional investors own 89.55% of the company’s stock.

Coursera Trading Up 0.8%

NYSE:COUR opened at $6.52 on Tuesday. The stock’s 50-day moving average is $5.78 and its 200-day moving average is $5.80. Coursera, Inc. has a 1-year low of $5.00 and a 1-year high of $12.32. The stock has a market cap of $1.72 billion, a P/E ratio of -9.73, a price-to-earnings-growth ratio of 0.81 and a beta of 1.24.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same quarter last year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 59.6% on a year-over-year basis. As a group, equities analysts forecast that Coursera, Inc. will post 0.16 EPS for the current year.

Coursera announced that its Board of Directors has authorized a stock repurchase program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 55.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. KeyCorp restated an “overweight” rating on shares of Coursera in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $7.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Coursera from a “buy” rating to a “hold” rating in a report on Saturday. Finally, The Goldman Sachs Group upgraded Coursera from a “sell” rating to a “neutral” rating and increased their price target for the company from $5.50 to $6.50 in a research note on Monday, August 3rd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.55.

Coursera Profile

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.