Emory University Cuts Holdings in Coursera, Inc. (NYSE:COUR)

Emory University lowered its stake in Coursera, Inc. (NYSE:COUR) by 25.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 692,766 shares of the company’s stock after selling 231,000 shares during the period. Coursera accounts for approximately 8.3% of Emory University’s holdings, making the stock its 4th biggest holding. Emory University owned 0.44% of Coursera worth $5,501,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock valued at $11,224,000 after buying an additional 83,369 shares during the period. Aspiriant LLC purchased a new position in Coursera during the third quarter valued at $333,000. nVerses Capital LLC lifted its position in Coursera by 77.0% during the third quarter. nVerses Capital LLC now owns 15,400 shares of the company’s stock valued at $122,000 after buying an additional 6,700 shares during the period. Creative Planning lifted its position in Coursera by 174.6% during the third quarter. Creative Planning now owns 81,092 shares of the company’s stock valued at $644,000 after buying an additional 51,564 shares during the period. Finally, Inspire Investing LLC purchased a new position in Coursera during the third quarter valued at $413,000. Institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

COUR has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research report on Monday, October 21st. Royal Bank of Canada lowered their price objective on Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. KeyCorp lowered their price objective on Coursera from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald lowered their price target on Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Bank of America initiated coverage on Coursera in a research report on Thursday, September 19th. They issued a “buy” rating and a $11.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus price target of $10.93.

Insider Buying and Selling

In related news, Director Andrew Y. Ng sold 25,000 shares of Coursera stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total value of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares in the company, valued at approximately $60,512,692.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the completion of the sale, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the sale, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by corporate insiders.

Coursera Stock Performance

NYSE COUR opened at $7.10 on Wednesday. Coursera, Inc. has a one year low of $6.29 and a one year high of $21.26. The stock has a 50-day moving average of $7.76 and a 200 day moving average of $8.14. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -10.28 and a beta of 1.42.

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.