Y Intercept Hong Kong Ltd Lowers Stake in Coursera, Inc. (NYSE:COUR)

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in Coursera by 56.1%, now holding 20,445 shares valued at $136,000.
• Coursera's stock recently traded down 3.7% to $12.17, with a market capitalization of $1.96 billion.
• Analysts are generally optimistic, with multiple firms raising their price targets and maintaining a consensus "Moderate Buy" rating for Coursera.

Y Intercept Hong Kong Ltd decreased its position in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 56.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,445 shares of the company's stock after selling 26,144 shares during the period. Y Intercept Hong Kong Ltd's holdings in Coursera were worth $136,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bailard Inc. lifted its position in Coursera by 16.9% during the first quarter. Bailard Inc. now owns 104,502 shares of the company's stock valued at $696,000 after purchasing an additional 15,102 shares during the period. Victory Capital Management Inc. boosted its position in shares of Coursera by 111.3% during the 1st quarter. Victory Capital Management Inc. now owns 226,766 shares of the company's stock worth $1,510,000 after purchasing an additional 119,452 shares during the period. CWM LLC lifted its holdings in Coursera by 13.7% during the 1st quarter. CWM LLC now owns 23,794 shares of the company's stock worth $158,000 after buying an additional 2,872 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Coursera in the 1st quarter valued at $69,000. Finally, Cerity Partners LLC raised its stake in Coursera by 23.6% during the 1st quarter. Cerity Partners LLC now owns 31,560 shares of the company's stock worth $210,000 after acquiring an additional 6,021 shares in the last quarter. Institutional investors own 89.55% of the company's stock.

Coursera Trading Down 1.3%

Coursera stock traded down $0.16 during midday trading on Tuesday, reaching $12.22. The company's stock had a trading volume of 2,754,597 shares, compared to its average volume of 2,205,950. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $13.56. The business has a 50-day moving average price of $9.16 and a 200-day moving average price of $8.29. The stock has a market cap of $1.97 billion, a PE ratio of -37.01 and a beta of 1.40.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Coursera had a negative return on equity of 5.16% and a negative net margin of 7.05%. The firm had revenue of $187.10 million during the quarter, compared to the consensus estimate of $180.52 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company's quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts predict that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on COUR shares. Cantor Fitzgerald boosted their price objective on shares of Coursera from $10.00 to $13.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Bank of America upgraded shares of Coursera from an "underperform" rating to a "neutral" rating and upped their target price for the company from $7.00 to $12.00 in a research note on Friday, July 25th. Morgan Stanley increased their price objective on shares of Coursera from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. KeyCorp reissued an "overweight" rating and set a $12.00 target price (up from $11.00) on shares of Coursera in a report on Friday, July 25th. Finally, Scotiabank increased their target price on shares of Coursera from $9.00 to $11.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Coursera currently has an average rating of "Moderate Buy" and a consensus target price of $11.25.

Insiders Place Their Bets

In other Coursera news, CAO Michele M. Meyers sold 12,500 shares of Coursera stock in a transaction on Friday, July 25th. The stock was sold at an average price of $11.60, for a total value of $145,000.00. Following the completion of the sale, the chief accounting officer owned 253,351 shares of the company's stock, valued at approximately $2,938,871.60. This trade represents a 4.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Alan B. Cardenas sold 6,101 shares of Coursera 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 directly owned 293,368 shares of the company's stock, valued at $2,537,633.20. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,270 shares of company stock valued at $356,087 in the last 90 days. 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.