Intech Investment Management LLC Purchases 35,228 Shares of Coursera, Inc. (NYSE:COUR)

Intech Investment Management LLC grew its position in shares of Coursera, Inc. (NYSE:COUR) by 83.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Coursera during the fourth quarter worth $35,000. FMR LLC raised its stake in shares of Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the period. KBC Group NV boosted its holdings in shares of Coursera by 90.7% in the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock worth $78,000 after buying an additional 4,376 shares during the last quarter. New York State Teachers Retirement System bought a new position in Coursera during the fourth quarter valued at about $107,000. Finally, Pitcairn Co. increased its holdings in Coursera by 16.9% during the third quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock worth $108,000 after buying an additional 1,971 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Trading Up 0.1 %

Shares of NYSE:COUR opened at $7.13 on Monday. The company has a 50 day moving average of $8.00 and a 200 day moving average of $7.89. The stock has a market cap of $1.14 billion, a P/E ratio of -13.70 and a beta of 1.40. Coursera, Inc. has a 12 month low of $6.29 and a 12 month high of $14.32.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Coursera in a research report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Coursera in a report on Tuesday, January 28th. Scotiabank started coverage on Coursera in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $9.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Coursera in a research report on Monday, January 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

Insider Activity

In other Coursera 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 transaction of $46,363.38. Following the completion of the sale, the senior vice president now owns 180,413 shares of the company’s stock, valued at $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.30% of the company’s stock.

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.