Landscape Capital Management L.L.C. Makes New $2.09 Million Investment in Coursera, Inc. (NYSE:COUR)

Landscape Capital Management L.L.C. acquired a new stake in shares of Coursera, Inc. (NYSE:COUR) during the 4th quarter, HoldingsChannel reports. The fund acquired 245,415 shares of the company’s stock, valued at approximately $2,086,000.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Coursera by 17.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company’s stock worth $8,228,000 after buying an additional 156,512 shares during the last quarter. FMR LLC boosted 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Coursera by 79.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,341 shares of the company’s stock worth $360,000 after purchasing an additional 20,098 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Coursera by 61.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock valued at $13,082,000 after purchasing an additional 628,140 shares in the last quarter. Finally, State Street Corp lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Performance

Coursera stock opened at $6.23 on Friday. The company has a market capitalization of $997.28 million, a PE ratio of -11.97 and a beta of 1.42. Coursera, Inc. has a fifty-two week low of $5.97 and a fifty-two week high of $14.01. The firm has a 50 day moving average price of $7.67 and a 200 day moving average price of $7.83.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 target price on shares of Coursera in a research report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and set a $10.00 target price on shares of Coursera in a report 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. UBS Group boosted their price objective on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Bank of America reiterated an “underperform” rating and set a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. 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 stock. According to data from MarketBeat, Coursera presently has an average rating of “Hold” and an average price target of $9.83.

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.