Intech Investment Management LLC Boosts Holdings in Coursera, Inc. (NYSE:COUR)

Intech Investment Management LLC lifted its stake in shares of Coursera, Inc. (NYSE:COUR) by 83.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,467 shares of the company’s stock after buying an additional 35,228 shares during the quarter. Intech Investment Management LLC’s holdings in Coursera were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of COUR. Victory Capital Management Inc. grew its holdings in shares of Coursera by 110.9% during the 3rd quarter. Victory Capital Management Inc. now owns 81,749 shares of the company’s stock worth $649,000 after acquiring an additional 42,993 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Coursera during the 3rd quarter valued at about $3,090,000. Charles Schwab Investment Management Inc. boosted its stake in Coursera by 17.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company’s stock worth $8,228,000 after acquiring an additional 156,512 shares in the last quarter. Algert Global LLC increased its stake in shares of Coursera by 17.7% during the third 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. Finally, Pitcairn Co. lifted its holdings in shares of Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after purchasing an additional 1,971 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Coursera Stock Up 0.1 %

Shares of Coursera stock opened at $7.13 on Monday. Coursera, Inc. has a twelve month low of $6.29 and a twelve month high of $14.32. The company’s 50 day moving average is $8.00 and its 200 day moving average is $7.89. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -13.70 and a beta of 1.40.

Wall Street Analysts Forecast Growth

COUR has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Coursera in a research note on Thursday, December 5th. UBS Group lifted their price target on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Finally, Scotiabank assumed coverage on shares of Coursera in a report on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Coursera presently has an average rating of “Moderate Buy” and an average price target of $10.13.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.