State Street Corp Grows Stock Holdings in Coursera, Inc. (NYSE:COUR)

State Street Corp grew its stake in shares of Coursera, Inc. (NYSE:COUR) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,947,168 shares of the company’s stock after acquiring an additional 63,549 shares during the period. State Street Corp’s holdings in Coursera were worth $23,401,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in Coursera by 67.0% in the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after purchasing an additional 1,123,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Coursera by 61.6% during the third 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 buying an additional 628,140 shares during the period. Senvest Management LLC grew its position in Coursera by 994.7% during the third quarter. Senvest Management LLC now owns 642,806 shares of the company’s stock worth $5,104,000 after buying an additional 584,085 shares in the last quarter. Acadian Asset Management LLC increased its stake in Coursera by 101.9% in the 2nd quarter. Acadian Asset Management LLC now owns 940,592 shares of the company’s stock worth $6,731,000 after acquiring an additional 474,723 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Coursera in the 2nd quarter valued at about $3,162,000. 89.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,102 shares of Coursera stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares in the company, valued at $1,325,580.06. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.30% of the stock is owned by insiders.

Coursera Trading Down 1.1 %

COUR stock opened at $8.31 on Monday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -16.29 and a beta of 1.49. The firm’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $7.66. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $20.73.

Analyst Ratings Changes

Several research analysts have recently commented on COUR shares. Scotiabank began coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research report on Thursday, December 5th. Bank of America began coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 target price for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $18.00 price target on shares of Coursera in a research report on Monday, October 21st. Finally, Needham & Company LLC lowered their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.52.

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.