Principal Financial Group Inc. Sells 5,702 Shares of Coursera, Inc. (NYSE:COUR)

Principal Financial Group Inc. reduced its position in Coursera, Inc. (NYSE:COUR) by 30.7% in the third quarter, Holdings Channel.com reports. The firm owned 12,883 shares of the company’s stock after selling 5,702 shares during the quarter. Principal Financial Group Inc.’s holdings in Coursera were worth $102,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Coursera by 2.2% during the third quarter. State Street Corp now owns 2,947,168 shares of the company’s stock worth $23,401,000 after acquiring an additional 63,549 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after purchasing an additional 199,050 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after purchasing an additional 1,123,397 shares during the last quarter. Invenomic Capital Management LP raised its position in Coursera by 6.9% in the 3rd quarter. Invenomic Capital Management LP now owns 2,690,363 shares of the company’s stock worth $21,361,000 after purchasing an additional 172,585 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Coursera by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after purchasing an additional 15,694 shares during the last quarter. Institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COUR. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Coursera in a report on Thursday, December 5th. Royal Bank of Canada decreased their price target on Coursera from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley dropped their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Needham & Company LLC decreased their target price on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Coursera has a consensus rating of “Moderate Buy” and a consensus target price of $10.52.

Coursera Trading Down 1.5 %

Shares of COUR opened at $8.58 on Wednesday. Coursera, Inc. has a 1-year low of $6.29 and a 1-year high of $20.73. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -16.82 and a beta of 1.44. The firm’s 50-day moving average price is $7.92 and its 200-day moving average price is $7.80.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the completion of the transaction, the senior vice president now owns 194,082 shares in the company, valued at approximately $1,325,580.06. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.30% of the stock is currently owned by company insiders.

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.