Alliancebernstein L.P. Has $4.03 Million Position in Coursera, Inc. (NYSE:COUR)

Alliancebernstein L.P. increased its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 220.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473,670 shares of the company's stock after acquiring an additional 325,770 shares during the period. Alliancebernstein L.P. owned about 0.30% of Coursera worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coursera in the 4th quarter valued at approximately $35,000. FMR LLC lifted its stake in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock valued at $52,000 after purchasing an additional 2,651 shares during the last quarter. KBC Group NV boosted its position in Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Coursera during the fourth quarter worth $107,000. Finally, Cibc World Markets Corp acquired a new position in shares of Coursera during the fourth quarter worth $109,000. 89.55% of the stock is owned by institutional investors.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.30% of the company's stock.

Analyst Ratings Changes

COUR has been the topic of a number of research reports. UBS Group boosted their price objective on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley cut their target price on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Finally, Bank of America reaffirmed an "underperform" rating and set a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.67.

Coursera Stock Performance

Shares of NYSE:COUR traded up $0.29 during midday trading on Friday, reaching $7.31. The company's stock had a trading volume of 1,518,573 shares, compared to its average volume of 2,339,564. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.37. The firm has a 50 day moving average price of $7.29 and a two-hundred day moving average price of $7.73. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -14.05 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.