Martin Currie Ltd. Buys 12,047 Shares of Coursera, Inc. (NYSE:COUR)

Martin Currie Ltd. increased its position in shares of Coursera, Inc. (NYSE:COUR) by 54.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,119 shares of the company’s stock after purchasing an additional 12,047 shares during the period. Martin Currie Ltd.’s holdings in Coursera were worth $290,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in COUR. Intech Investment Management LLC acquired a new position in Coursera in the third quarter worth about $335,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Coursera by 17.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,300 shares of the company’s stock worth $8,228,000 after buying an additional 156,512 shares in the last quarter. FMR LLC lifted its position 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 buying an additional 2,651 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Coursera by 79.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,341 shares of the company’s stock worth $360,000 after buying an additional 20,098 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Coursera by 61.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,647,619 shares of the company’s stock valued at $13,082,000 after buying an additional 628,140 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the 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 transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.90% of the stock is currently owned by company insiders.

Coursera Stock Down 1.9 %

Coursera stock opened at $6.80 on Friday. Coursera, Inc. has a 12-month low of $6.29 and a 12-month high of $14.14. The business’s 50-day simple moving average is $7.86 and its 200 day simple moving average is $7.87. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -13.07 and a beta of 1.40.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America reissued an “underperform” rating and set a $7.00 price objective on shares of Coursera in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Coursera in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Coursera in a research note on Tuesday, January 28th. UBS Group lifted their target price on shares of Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.83.

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.