American Century Companies Inc. Has $1.02 Million Stock Position in Coursera, Inc. (NYSE:COUR)

American Century Companies Inc. grew its position in Coursera, Inc. (NYSE:COUR - Free Report) by 206.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,480 shares of the company's stock after purchasing an additional 81,110 shares during the period. American Century Companies Inc. owned approximately 0.08% of Coursera worth $1,024,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Waterfront Wealth Inc. lifted its stake in Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock valued at $1,329,000 after purchasing an additional 2,543 shares during the last quarter. New York State Common Retirement Fund increased its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after purchasing an additional 2,552 shares in the last quarter. FMR LLC boosted its holdings in shares of Coursera by 67.6% in the third 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. Swiss National Bank increased its position in shares of Coursera by 1.2% in the fourth quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after acquiring an additional 3,100 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Coursera during the 4th quarter worth approximately $35,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.30% of the stock is currently owned by corporate insiders.

Coursera Stock Performance

Coursera stock traded up $0.03 during midday trading on Wednesday, reaching $7.00. The stock had a trading volume of 56,583 shares, compared to its average volume of 2,335,542. The firm's fifty day simple moving average is $7.34 and its 200-day simple moving average is $7.74. The stock has a market capitalization of $1.13 billion, a P/E ratio of -13.49 and a beta of 1.42. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $12.40.

Analyst Ratings Changes

A number of research firms recently issued reports on COUR. Needham & Company LLC reissued a "buy" rating and set a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. 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 report on Tuesday, April 8th. UBS Group upped their target price on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Finally, Bank of America reaffirmed an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.75.

Coursera 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.