Barclays PLC Buys 240,213 Shares of Coursera, Inc. (NYSE:COUR)

Barclays PLC lifted its position in Coursera, Inc. (NYSE:COUR - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,202,335 shares of the company's stock after purchasing an additional 240,213 shares during the period. Barclays PLC owned about 0.76% of Coursera worth $10,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Coursera by 7.3% during the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Franklin Resources Inc. purchased a new position in Coursera during the third quarter valued at $1,651,000. SBI Securities Co. Ltd. purchased a new position in Coursera during the fourth quarter valued at $35,000. Sei Investments Co. grew its stake in Coursera by 340.9% during the fourth quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after acquiring an additional 211,191 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Coursera by 206.0% during the fourth quarter. American Century Companies Inc. now owns 120,480 shares of the company's stock valued at $1,024,000 after acquiring an additional 81,110 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Stock Down 4.7 %

COUR traded down $0.41 on Monday, reaching $8.34. 3,507,739 shares of the company traded hands, compared to its average volume of 2,363,638. Coursera, Inc. has a one year low of $5.76 and a one year high of $12.20. The firm has a fifty day simple moving average of $7.22 and a two-hundred day simple moving average of $7.75. The company has a market cap of $1.34 billion, a P/E ratio of -16.04 and a beta of 1.42.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The company had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter last year, the business posted $0.07 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America reissued an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research note on Friday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.52.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction on 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 in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by company insiders.

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.