KBC Group NV Purchases 4,376 Shares of Coursera, Inc. (NYSE:COUR)

KBC Group NV increased its position in shares of Coursera, Inc. (NYSE:COUR) by 90.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,203 shares of the company’s stock after acquiring an additional 4,376 shares during the period. KBC Group NV’s holdings in Coursera were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in COUR. Algert Global LLC boosted its stake in shares of Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after purchasing an additional 71,382 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Coursera by 6.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after acquiring an additional 83,369 shares in the last quarter. Geode Capital Management LLC increased 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 worth $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Coursera in the 3rd quarter worth about $3,090,000. Finally, Franklin Resources Inc. bought a new position in shares of Coursera in the 3rd quarter worth about $1,651,000. Institutional investors own 89.55% of the company’s stock.

Coursera Stock Up 4.4 %

Shares of NYSE COUR opened at $8.04 on Monday. The firm’s 50-day moving average price is $8.45 and its 200-day moving average price is $8.02. The company has a market cap of $1.27 billion, a PE ratio of -15.45 and a beta of 1.42. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $18.22.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COUR. KeyCorp decreased their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. BMO Capital Markets decreased their price target on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price target on shares of Coursera in a research note on Tuesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.13.

Insider Activity

In related news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.30% of the company’s stock.

About Coursera

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.