D. E. Shaw & Co. Inc. Has $5.33 Million Stock Holdings in Coursera, Inc. (NYSE:COUR)

D. E. Shaw & Co. Inc. lessened its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 626,824 shares of the company's stock after selling 72,549 shares during the period. D. E. Shaw & Co. Inc. owned about 0.40% of Coursera worth $5,328,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Divisadero Street Capital Management LP purchased a new stake in Coursera during the 4th quarter worth $277,000. Balyasny Asset Management L.P. bought a new stake in shares of Coursera in the 4th quarter valued at approximately $1,024,000. BNP Paribas Financial Markets bought a new stake in shares of Coursera in the 4th quarter valued at approximately $6,612,000. Ameriprise Financial Inc. increased its holdings in shares of Coursera by 253.1% in the 4th quarter. Ameriprise Financial Inc. now owns 1,424,354 shares of the company's stock valued at $12,107,000 after acquiring an additional 1,020,969 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of Coursera by 69.6% during the 4th quarter. Algert Global LLC now owns 806,301 shares of the company's stock valued at $6,854,000 after buying an additional 330,805 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

COUR has been the subject of a number of recent research reports. 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. Royal Bank of Canada restated an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. Finally, UBS Group raised their target price on shares of Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.31.

Coursera Price Performance

Shares of NYSE COUR traded down $0.10 during trading hours on Tuesday, reaching $8.66. The stock had a trading volume of 1,904,994 shares, compared to its average volume of 2,300,626. The business's fifty day moving average is $7.54 and its two-hundred day moving average is $7.89. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -16.65 and a beta of 1.38. Coursera, Inc. has a twelve month low of $5.76 and a twelve month high of $11.74.

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

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the 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 transaction, the senior vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Company 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.