Baillie Gifford & Co. Raises Stock Position in Coursera, Inc. $COUR

Key Points

• Baillie Gifford & Co. raised its Coursera stake by 97.0%, buying 7,184,167 shares to hold 14,590,942 shares (about 8.77% of the company) valued at $107.39 million per its latest SEC filing.
• Analysts are mixed: MarketBeat shows a consensus rating of "Hold" with a $10.62 price target (8 Buys, 5 Holds, 2 Sells), while several firms recently trimmed price targets, including Goldman Sachs to $6 and KeyCorp to $10.
• Coursera reported Q4 revenue of $196.9M (above estimates) and $0.06 EPS in line with expectations, but the company remains unprofitable (negative net margin and ROE); the stock trades near $5.76 with a market cap around $974M and a 52-week range of $5.22–$13.56.

Baillie Gifford & Co. lifted its position in Coursera, Inc. (NYSE:COUR - Free Report) by 97.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,590,942 shares of the company's stock after buying an additional 7,184,167 shares during the period. Baillie Gifford & Co. owned approximately 8.77% of Coursera worth $107,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Coursera by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company's stock worth $621,000 after buying an additional 1,027 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Coursera by 9.2% in the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company's stock worth $154,000 after buying an additional 1,112 shares during the last quarter. Diversified Trust Co. grew its position in shares of Coursera by 19.0% in the 4th quarter. Diversified Trust Co. now owns 17,691 shares of the company's stock worth $130,000 after buying an additional 2,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company's stock worth $698,000 after buying an additional 2,847 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in shares of Coursera by 29.4% in the 3rd quarter. Bank of Nova Scotia now owns 13,953 shares of the company's stock worth $163,000 after buying an additional 3,169 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COUR. The Goldman Sachs Group cut their price objective on shares of Coursera from $9.00 to $6.00 and set a "sell" rating on the stock in a research report on Saturday, February 7th. Wall Street Zen upgraded shares of Coursera from a "hold" rating to a "buy" rating in a report on Saturday. KeyCorp cut their price objective on shares of Coursera from $12.00 to $10.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. BMO Capital Markets restated an "outperform" rating and set a $8.00 price objective on shares of Coursera in a report on Friday, February 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of Coursera in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.62.

Coursera Stock Up 7.4%

Shares of NYSE:COUR opened at $5.76 on Tuesday. Coursera, Inc. has a 52-week low of $5.22 and a 52-week high of $13.56. The stock has a market cap of $974.38 million, a price-to-earnings ratio of -18.56 and a beta of 1.35. The business has a 50-day moving average price of $5.99 and a 200-day moving average price of $7.47.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Coursera had a negative return on equity of 5.17% and a negative net margin of 6.73%.The firm had revenue of $196.90 million during the quarter, compared to analysts' expectations of $191.83 million. During the same period last year, the business posted $0.08 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,710 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total value of $57,483.20. Following the completion of the transaction, the senior vice president directly owned 217,876 shares in the company, valued at $1,289,825.92. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.80% of the stock is currently owned by insiders.

Coursera Company Profile

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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