BNP Paribas Financial Markets Takes $6.61 Million Position in Coursera, Inc. (NYSE:COUR)

BNP Paribas Financial Markets purchased a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 777,833 shares of the company's stock, valued at approximately $6,612,000. BNP Paribas Financial Markets owned about 0.49% of Coursera at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Coursera during the 4th quarter worth $35,000. KBC Group NV lifted its stake in shares of Coursera by 90.7% during the 4th 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. Bank of Nova Scotia purchased a new position in shares of Coursera during the 4th quarter valued at $96,000. New York State Teachers Retirement System purchased a new position in shares of Coursera during the 4th quarter valued at $107,000. Finally, Cibc World Markets Corp purchased a new position in shares of Coursera during the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Coursera Stock Up 0.7%

NYSE COUR traded up $0.07 on Friday, reaching $9.01. The company had a trading volume of 2,052,392 shares, compared to its average volume of 2,305,434. The stock has a market capitalization of $1.45 billion, a PE ratio of -17.32 and a beta of 1.38. The firm's 50 day moving average price is $7.51 and its 200 day moving average price is $7.88. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.12 earnings per share for the quarter, topping 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 firm had revenue of $179.30 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period in the previous year, the firm posted $0.07 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COUR. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a research note on Friday, April 25th. Bank of America restated an "underperform" rating and set a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and set a $10.00 target price on shares of Coursera in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley lifted their target price on shares of Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.31.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.80% 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.