Wellington Management Group LLP Acquires New Holdings in Coursera, Inc. $COUR

Key Points

• Wellington Management acquired 1.59 million Coursera shares worth approximately $8.95 million, representing about 0.60% of the company. Institutional investors collectively own 89.55% of Coursera.
• Coursera reported quarterly revenue of $298.6 million, up 59.6% year over year, and earnings of $0.17 per share, exceeding analysts’ $0.10 estimate. The company also authorized a $500 million share-repurchase program.
• Analysts hold a “Moderate Buy” consensus rating with an average price target of $8.55, compared with the stock’s opening price of $5.57 and 52-week range of $5.00 to $12.32.

Wellington Management Group LLP bought a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,585,983 shares of the company's stock, valued at approximately $8,945,000. Wellington Management Group LLP owned about 0.60% of Coursera at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Coursera during the second quarter worth $116,245,000. Caledonia Private Investments Pty Ltd bought a new position in Coursera during the 2nd quarter worth $114,918,000. Pale Fire Capital SE acquired a new position in Coursera during the 1st quarter worth about $61,178,000. Mak Capital One LLC acquired a new stake in shares of Coursera in the fourth quarter valued at about $27,610,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Coursera by 341.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company's stock worth $34,612,000 after acquiring an additional 2,286,395 shares during the last quarter. Institutional investors own 89.55% of the company's stock.

Insiders Place Their Bets

In other news, SVP Alan Cardenas sold 9,139 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the transaction, the senior vice president owned 236,237 shares in the company, valued at approximately $1,348,913.27. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

COUR has been the subject of a number of recent analyst reports. Bank of America decreased their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, June 30th. Weiss Ratings raised shares of Coursera from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 28th. The Goldman Sachs Group upgraded shares of Coursera from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $5.50 to $6.50 in a research report on Monday, August 3rd. BMO Capital Markets reissued an "outperform" rating on shares of Coursera in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $7.00 price target on shares of Coursera in a research report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coursera has an average rating of "Moderate Buy" and an average price target of $8.55.

Coursera Stock Performance

Shares of COUR opened at $5.57 on Wednesday. The firm has a market cap of $1.47 billion, a PE ratio of -8.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.26. Coursera, Inc. has a 52-week low of $5.00 and a 52-week high of $12.32. The business's 50 day moving average price is $5.80 and its two-hundred day moving average price is $5.80.

Coursera (NYSE:COUR - Get Free Report) last released its quarterly earnings data 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. Coursera had a negative net margin of 15.39% and a negative return on equity of 1.72%. The company had revenue of $298.60 million during the quarter, compared to analyst estimates of $293.61 million. During the same quarter in the previous year, the business posted $0.12 EPS. Coursera's revenue for the quarter was up 59.6% compared to the same quarter last year. Research analysts predict that Coursera, Inc. will post 0.16 EPS for the current fiscal year.

Coursera declared that its board has authorized a share repurchase plan on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 55.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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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