Geode Capital Management LLC Decreases Stock Position in Coursera, Inc. (NYSE:COUR)

Geode Capital Management LLC lessened its stake in Coursera, Inc. (NYSE:COUR) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,918,050 shares of the company’s stock after selling 4,903 shares during the period. Geode Capital Management LLC’s holdings in Coursera were worth $24,809,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter worth approximately $35,000. FMR LLC grew its position in 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 in the last quarter. KBC Group NV boosted its stake in shares of Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after acquiring an additional 4,376 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Coursera in the 4th quarter valued at $107,000. Finally, Cibc World Markets Corp acquired a new position in shares of Coursera during the fourth quarter worth approximately $109,000. Institutional investors own 89.55% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. Bank of America reiterated an “underperform” rating and set a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Morgan Stanley dropped their price target on shares of Coursera from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, UBS Group increased their target price on Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.67.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The stock was 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 directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.30% of the stock is currently owned by company insiders.

Coursera Price Performance

Shares of NYSE COUR opened at $7.31 on Friday. The company has a 50 day simple moving average of $7.29 and a 200 day simple moving average of $7.73. The firm has a market cap of $1.18 billion, a PE ratio of -14.05 and a beta of 1.42. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $12.37.

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.