Waterfront Wealth Inc. Has $1.25 Million Stock Position in Coursera, Inc. (NYSE:COUR)

Waterfront Wealth Inc. increased its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,270 shares of the company's stock after purchasing an additional 30,859 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.12% of Coursera worth $1,247,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund raised its stake in shares of Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after buying an additional 2,552 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Coursera by 21.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 46,589 shares of the company's stock worth $396,000 after purchasing an additional 8,160 shares during the period. Bank of New York Mellon Corp boosted its holdings in Coursera by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 436,861 shares of the company's stock valued at $3,713,000 after acquiring an additional 38,004 shares during the last quarter. Versor Investments LP lifted its position in Coursera by 236.5% during the fourth quarter. Versor Investments LP now owns 44,748 shares of the company's stock valued at $380,000 after buying an additional 31,448 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Coursera during the 4th quarter valued at $35,000. 89.55% of the stock is owned by institutional investors and hedge funds.

Coursera Stock Performance

Shares of NYSE COUR traded down $0.27 during midday trading on Wednesday, reaching $8.46. 1,347,593 shares of the company traded hands, compared to its average volume of 2,139,458. The stock's 50-day simple moving average is $8.63 and its 200-day simple moving average is $8.09. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $11.74. The firm has a market cap of $1.37 billion, a PE ratio of -19.67 and a beta of 1.36.

Coursera (NYSE:COUR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. Coursera had a negative return on equity of 7.22% and a negative net margin of 9.37%. The firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the company earned $0.07 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Coursera, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 6,101 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $8.65, for a total value of $52,773.65. Following the sale, the senior vice president directly owned 293,368 shares in the company, valued at approximately $2,537,633.20. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sabrina Simmons sold 9,335 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $8.48, for a total value of $79,160.80. Following the completion of the sale, the director owned 50,215 shares of the company's stock, valued at $425,823.20. This trade represents a 15.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,770 shares of company stock valued at $211,087 in the last 90 days. 16.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reiterated an "equal weight" rating and issued a $11.00 target price (up from $10.00) on shares of Coursera in a research note on Thursday, June 5th. Bank of America reissued an "underperform" rating and issued a $7.00 price target on shares of Coursera in a research note on Thursday, March 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 target price on shares of Coursera in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.40.

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.