Dimensional Fund Advisors LP Trims Stock Position in Coursera, Inc. $COUR

Key Points

• Dimensional Fund Advisors reduced its Coursera stake by 11% in the first quarter, selling 336,570 shares and retaining 2.73 million shares worth approximately $15.9 million. Institutional investors collectively own 89.55% of COUR.
• Coursera reported quarterly EPS of $0.17, beating estimates by $0.07, while revenue rose 59.6% year over year to $298.6 million. The company also authorized a $500 million share repurchase program, covering up to 55.9% of outstanding shares.
• COUR shares opened at $5.79, compared with analysts’ consensus price target of $8.55 and a “Moderate Buy” average rating. However, insiders sold more than 2 million shares worth $10.6 million during the quarter.

Dimensional Fund Advisors LP cut its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,730,508 shares of the company's stock after selling 336,570 shares during the period. Dimensional Fund Advisors LP owned about 1.61% of Coursera worth $15,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in COUR. Aster Capital Management DIFC Ltd purchased a new position in Coursera during the fourth quarter valued at approximately $25,000. Quarry LP grew its stake in shares of Coursera by 619.9% during the 3rd quarter. Quarry LP now owns 4,024 shares of the company's stock worth $47,000 after purchasing an additional 3,465 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coursera by 224.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company's stock valued at $36,000 after purchasing an additional 3,415 shares in the last quarter. Clearstead Trust LLC purchased a new position in shares of Coursera during the 4th quarter valued at approximately $39,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Coursera by 163.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company's stock valued at $64,000 after purchasing an additional 4,550 shares during the period. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Up 4.0%

COUR stock opened at $5.79 on Friday. The company has a market capitalization of $979.57 million, a PE ratio of -8.63, a P/E/G ratio of 1.87 and a beta of 1.24. Coursera, Inc. has a 12-month low of $5.00 and a 12-month high of $12.35. The business's fifty day moving average price is $5.60 and its 200 day moving average price is $5.82.

Coursera (NYSE:COUR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.Coursera's revenue was up 59.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Research analysts predict that Coursera, Inc. will post 0.06 EPS for the current fiscal year.

Coursera declared that its Board of Directors has approved a share repurchase program on Monday, May 18th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 55.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada restated an "outperform" rating and set a $7.00 target price on shares of Coursera in a research report on Wednesday, June 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 target price on shares of Coursera in a research note on Wednesday, June 24th. KeyCorp reiterated an "overweight" rating on shares of Coursera in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Coursera from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of Coursera from a "hold" rating to a "strong-buy" rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.55.

Insider Buying and Selling at Coursera

In related news, SVP Alan B. Cardenas sold 9,139 shares of Coursera stock in a transaction on Monday, May 18th. The stock was sold at an average price of $5.52, for a total value of $50,447.28. Following the completion of the transaction, the senior vice president directly owned 255,934 shares in the company, valued at approximately $1,412,755.68. This trade represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Insight Holdings Group, Llc sold 1,466,372 shares of the business's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $5.24, for a total value of $7,683,789.28. Following the transaction, the insider directly owned 419,784 shares of the company's stock, valued at $2,199,668.16. The trade was a 77.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,009,139 shares of company stock worth $10,643,180. Insiders own 16.30% of the company's stock.

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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