Legal & General Group Plc Acquires New Position in Coursera, Inc. $COUR

Legal & General Group Plc acquired a new stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 187,282 shares of the company's stock, valued at approximately $1,056,000. Legal & General Group Plc owned approximately 0.07% of Coursera as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Deutsche Bank AG purchased a new stake in Coursera during the 2nd quarter valued at $9,848,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Coursera in the 2nd quarter worth $1,579,000. Great Lakes Advisors LLC purchased a new position in shares of Coursera in the second quarter worth $3,262,000. Invenomic Capital Management LP raised its stake in shares of Coursera by 207.3% in the fourth quarter. Invenomic Capital Management LP now owns 906,224 shares of the company's stock worth $6,670,000 after purchasing an additional 611,325 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Coursera during the second quarter valued at $116,245,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Coursera

In related news, SVP Alan Cardenas sold 9,139 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the completion of the sale, the senior vice president directly owned 236,237 shares in the company, valued at approximately $1,348,913.27. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.30% of the company's stock.

Coursera Price Performance

Shares of COUR opened at $5.78 on Tuesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of -8.63, a PEG ratio of 0.73 and a beta of 1.26. Coursera, Inc. has a one year low of $5.00 and a one year high of $12.32. The business has a fifty day moving average of $5.80 and a 200 day moving average of $5.80.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.The company had revenue of $298.60 million for the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. Coursera's revenue was up 59.6% on a year-over-year basis. Analysts expect that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Coursera declared that its Board of Directors has authorized a stock buyback program on Monday, May 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 55.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on COUR. Zacks Research cut Coursera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 24th. The Goldman Sachs Group raised Coursera from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. KeyCorp restated an "overweight" rating on shares of Coursera in a research note on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $7.00 price target on shares of Coursera in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Coursera from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $8.55.

Coursera 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.

Want to see what other hedge funds are holding COUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coursera, Inc. (NYSE:COUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.