199,056 Shares in Coursera, Inc. $COUR Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 199,056 Coursera shares in the second quarter, valued at approximately $1.13 million and representing 0.08% of the company. Institutional investors and hedge funds collectively own 89.55% of Coursera.
• Coursera’s latest quarterly results exceeded expectations, with adjusted EPS of $0.17 versus the $0.10 consensus estimate and revenue of $298.6 million, up 59.6% year over year. The company remains unprofitable, reporting a negative net margin of 15.39%.
• The board authorized a $500 million stock repurchase program, allowing buybacks of up to 55.9% of outstanding shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $8.55, compared with the reported share price of $6.52.

Hsbc Holdings PLC purchased a new stake in Coursera, Inc. (NYSE:COUR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 199,056 shares of the company's stock, valued at approximately $1,132,000. Hsbc Holdings PLC owned 0.08% of Coursera at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Coursera during the fourth quarter worth $25,000. Optiver Holding B.V. bought a new stake in shares of Coursera in the first quarter valued at about $31,000. Versant Capital Management Inc grew its stake in shares of Coursera by 63.2% in the second quarter. Versant Capital Management Inc now owns 5,555 shares of the company's stock valued at $31,000 after acquiring an additional 2,152 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Coursera by 224.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock worth $36,000 after acquiring an additional 3,415 shares during the period. Finally, Clearstead Trust LLC bought a new position in Coursera during the fourth quarter worth about $39,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Stock Up 0.8%

Shares of Coursera stock opened at $6.52 on Tuesday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -9.73, a PEG ratio of 0.81 and a beta of 1.24. Coursera, Inc. has a 12-month low of $5.00 and a 12-month high of $12.32. The firm's 50-day moving average price is $5.78 and its two-hundred day moving average price is $5.80.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $293.61 million. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The business's quarterly revenue was up 59.6% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. On average, sell-side analysts expect that Coursera, Inc. will post 0.16 earnings per share for the current year.

Coursera announced that its board has authorized a stock repurchase program on Monday, May 18th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 55.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares of the company's stock, valued at $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 16.30% of the company's stock.

Analyst Upgrades and Downgrades

COUR has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Coursera from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday. BMO Capital Markets reiterated an "outperform" rating on shares of Coursera in a research report on Thursday, July 30th. Bank of America 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, June 30th. The Goldman Sachs Group upgraded Coursera from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $5.50 to $6.50 in a research note on Monday, August 3rd. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Coursera in a report on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Coursera currently has an average rating of "Moderate Buy" and a consensus target price of $8.55.

About Coursera

Coursera, Inc NYSE: COUR operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera's mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.

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