Hsbc Holdings PLC Acquires 55,678 Shares of Coursera, Inc. (NYSE:COUR)

Hsbc Holdings PLC grew its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,809 shares of the company's stock after buying an additional 55,678 shares during the period. Hsbc Holdings PLC owned 0.16% of Coursera worth $2,222,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Waterfront Wealth Inc. lifted its position in Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company's stock valued at $1,329,000 after purchasing an additional 2,543 shares during the period. New York State Common Retirement Fund boosted its stake in Coursera by 6.4% in the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company's stock worth $360,000 after purchasing an additional 2,552 shares during the period. Swiss National Bank lifted its stake in Coursera by 1.2% in the 4th quarter. Swiss National Bank now owns 262,300 shares of the company's stock worth $2,230,000 after purchasing an additional 3,100 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Coursera during the fourth quarter valued at approximately $35,000. Finally, KBC Group NV raised its stake in Coursera by 90.7% during the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after purchasing an additional 4,376 shares in the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Activity at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price objective on shares of Coursera in a research report on Friday, April 25th. Morgan Stanley raised their price target on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $12.00 price target on shares of Coursera in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.31.

Coursera Price Performance

Coursera stock traded up $0.20 during midday trading on Monday, hitting $8.71. 969,233 shares of the company were exchanged, compared to its average volume of 2,311,898. The company's fifty day moving average price is $7.25 and its 200-day moving average price is $7.77. The company has a market cap of $1.40 billion, a PE ratio of -16.74 and a beta of 1.38. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74.

Coursera (NYSE:COUR - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. Coursera had a negative return on equity of 9.42% and a negative net margin of 11.45%. The company had revenue of $179.30 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter last year, the firm earned $0.07 EPS. The business's revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

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.