Dimensional Fund Advisors LP Cuts Stake in Coursera, Inc. (NYSE:COUR)

Dimensional Fund Advisors LP trimmed its position in Coursera, Inc. (NYSE:COUR - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,977,097 shares of the company's stock after selling 143,622 shares during the period. Dimensional Fund Advisors LP owned approximately 1.25% of Coursera worth $16,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Coursera by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after acquiring an additional 440,948 shares in the last quarter. Norges Bank acquired a new stake in Coursera in the fourth quarter valued at approximately $17,010,000. Senvest Management LLC boosted its stake in Coursera by 89.0% in the fourth quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after acquiring an additional 571,992 shares in the last quarter. Barclays PLC lifted its stake in shares of Coursera by 25.0% during the fourth quarter. Barclays PLC now owns 1,202,335 shares of the company's stock worth $10,220,000 after buying an additional 240,213 shares during the period. Finally, Trexquant Investment LP lifted its stake in shares of Coursera by 11.6% during the fourth quarter. Trexquant Investment LP now owns 1,180,745 shares of the company's stock worth $10,036,000 after buying an additional 122,422 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COUR has been the subject of several research reports. 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, April 25th. Royal Bank of Canada reiterated an "outperform" rating and set a $10.00 price objective on shares of Coursera in a research note on Friday, January 31st. Bank of America reiterated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $11.00 price objective on shares of Coursera in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.31.

Coursera Stock Performance

NYSE COUR traded up $0.06 on Tuesday, reaching $9.01. 454,648 shares of the company's stock traded hands, compared to its average volume of 2,301,160. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The stock has a 50 day moving average price of $7.36 and a 200-day moving average price of $7.83. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -17.33 and a beta of 1.38.

Coursera (NYSE:COUR - Get Free Report) last released 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 analysts' expectations of $175.60 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction 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 transaction, the senior vice president now owns 180,413 shares of the company's stock, 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. 16.80% of the stock is owned by corporate 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.