Capital Fund Management S.A. Cuts Holdings in Coursera, Inc. (NYSE:COUR)

Capital Fund Management S.A. lowered its stake in Coursera, Inc. (NYSE:COUR) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,693 shares of the company’s stock after selling 208,480 shares during the period. Capital Fund Management S.A.’s holdings in Coursera were worth $3,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its holdings in Coursera by 67.6% in the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares in the last quarter. State Street Corp increased its position in shares of Coursera by 2.2% in the 3rd quarter. State Street Corp now owns 2,947,168 shares of the company’s stock valued at $23,401,000 after purchasing an additional 63,549 shares during the last quarter. Barclays PLC raised its holdings in shares of Coursera by 24.4% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after purchasing an additional 199,050 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Coursera during the third quarter worth $1,651,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Shares of NYSE:COUR opened at $6.80 on Monday. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $13.11. The stock has a market cap of $1.10 billion, a P/E ratio of -13.07 and a beta of 1.42. The firm has a fifty day moving average price of $7.37 and a 200 day moving average price of $7.76.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company’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 of the company’s stock, valued at $1,490,211.38. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Finally, UBS Group upped their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.75.

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.