Coursera, Inc. (NYSE:COUR) Position Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Coursera during the 4th quarter valued at approximately $35,000. KBC Group NV raised its stake in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after purchasing an additional 4,376 shares during the period. Bank of Nova Scotia acquired a new position in Coursera in the fourth quarter valued at about $96,000. New York State Teachers Retirement System acquired a new position in Coursera during the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp purchased a new stake in Coursera in the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 89.55% of the company's stock.

Analyst Upgrades and Downgrades

COUR has been the topic of several analyst reports. Bank of America reiterated an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group restated an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a report on Friday, April 25th. Morgan Stanley raised their price objective on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.31.

Coursera Trading Up 1.7%

NYSE:COUR traded up $0.15 during mid-day trading on Thursday, reaching $8.67. 283,550 shares of the stock were exchanged, compared to its average volume of 2,290,223. Coursera, Inc. has a 1-year low of $5.76 and a 1-year high of $11.74. The business has a fifty day moving average price of $7.61 and a 200 day moving average price of $7.90. The firm has a market capitalization of $1.40 billion, a PE ratio of -16.65 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 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 business earned $0.07 earnings per share. The business's quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Coursera, Inc. will post -0.28 earnings per share for the current year.

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.