Dimensional Fund Advisors LP Decreases Holdings in Coursera, Inc. (NYSE:COUR)

Dimensional Fund Advisors LP trimmed its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,977,097 shares of the company's stock after selling 143,622 shares during the quarter. Dimensional Fund Advisors LP owned 1.25% of Coursera worth $16,804,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of COUR. Franklin Resources Inc. purchased a new position in shares of Coursera in the 3rd quarter worth about $1,651,000. Jump Financial LLC boosted its stake in Coursera by 582.9% in the fourth quarter. Jump Financial LLC now owns 213,753 shares of the company's stock valued at $1,817,000 after acquiring an additional 182,453 shares during the last quarter. Sei Investments Co. grew its position in shares of Coursera by 340.9% during the 4th quarter. Sei Investments Co. now owns 273,147 shares of the company's stock valued at $2,322,000 after acquiring an additional 211,191 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera during the 4th quarter worth approximately $35,000. Finally, Barclays PLC raised its holdings in shares of Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company's stock worth $7,640,000 after purchasing an additional 188,911 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the business's 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 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 can be accessed through this hyperlink. 16.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COUR shares. JPMorgan Chase & Co. cut their price target on Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reiterated a "buy" rating and set a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Bank of America reissued an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research report 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 report on Friday, January 31st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.31.

Coursera Price Performance

NYSE:COUR remained flat at $8.91 during midday trading on Friday. 1,510,724 shares of the company were exchanged, compared to its average volume of 2,308,669. The firm has a market capitalization of $1.44 billion, a PE ratio of -17.13 and a beta of 1.38. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The business has a 50 day moving average of $7.34 and a two-hundred day moving average of $7.81.

Coursera (NYSE:COUR - Get Free Report) last announced 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 company had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior 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, analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

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.