Coursera, Inc. (NYSE:COUR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,866 shares of the company's stock after purchasing an additional 42,765 shares during the quarter. Franklin Resources Inc. owned 0.16% of Coursera worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Coursera during the 4th quarter worth about $35,000. FMR LLC raised its stake in Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company's stock worth $52,000 after acquiring an additional 2,651 shares during the last quarter. KBC Group NV lifted its position in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company's stock worth $78,000 after acquiring an additional 4,376 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Coursera in the fourth quarter valued at about $107,000. Finally, Cibc World Markets Corp purchased a new position in shares of Coursera in the fourth quarter worth about $109,000. 89.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares of the company's stock, valued at approximately $1,490,211.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.30% of the company's stock.

Coursera Trading Up 4.1 %

NYSE COUR traded up $0.29 on Friday, reaching $7.31. 1,518,573 shares of the company were exchanged, compared to its average volume of 2,339,564. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $12.37. The stock has a market capitalization of $1.18 billion, a P/E ratio of -14.05 and a beta of 1.42. The business's fifty day moving average price is $7.29 and its 200 day moving average price is $7.73.

Analyst Upgrades and Downgrades

COUR has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Telsey Advisory Group reissued an "outperform" rating and set a $15.00 price target on shares of Coursera in a report on Tuesday, January 28th. Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. Morgan Stanley lowered their target price on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $10.00 price target on shares of Coursera in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Coursera presently has a consensus rating of "Hold" and a consensus price target of $9.67.

Coursera Company Profile

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.