Bank of America Corp DE Sells 440,908 Shares of Coursera, Inc. (NYSE:COUR)

Bank of America Corp DE lowered its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 460,673 shares of the company's stock after selling 440,908 shares during the quarter. Bank of America Corp DE owned approximately 0.29% of Coursera worth $3,916,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on COUR. 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. cut their price objective 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 price objective on shares of Coursera in a research note on Friday, April 25th. Morgan Stanley boosted 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, Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research note on Tuesday, April 22nd. Two research 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, Coursera presently has a consensus rating of "Hold" and an average target price of $9.31.

Insider Activity

In related news, Director Amanda Clark sold 9,334 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,152.32. Following the completion of the sale, the director now directly owns 85,573 shares in the company, valued at $725,659.04. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alan B. Cardenas sold 6,101 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total value of $52,773.65. Following the completion of the sale, the senior vice president now owns 293,368 shares of the company's stock, valued at approximately $2,537,633.20. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,770 shares of company stock worth $211,087. 16.80% of the stock is currently owned by insiders.

Coursera Stock Down 1.2%

COUR stock traded down $0.11 during midday trading on Tuesday, hitting $9.06. The company's stock had a trading volume of 1,391,205 shares, compared to its average volume of 2,271,034. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $11.74. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -17.42 and a beta of 1.38. The company has a 50 day moving average of $7.90 and a two-hundred day moving average of $8.00.

Coursera (NYSE:COUR - Get Free Report) last posted 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. The firm had revenue of $179.30 million during the quarter, compared to the consensus estimate of $175.60 million. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. On average, analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

Coursera Company 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.