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

Hsbc Holdings PLC raised its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COUR. SBI Securities Co. Ltd. acquired a new stake in Coursera in the 4th quarter valued at about $35,000. KBC Group NV lifted its position in shares of Coursera by 90.7% in the fourth quarter. KBC Group NV now owns 9,203 shares of the company's stock valued at $78,000 after buying an additional 4,376 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Coursera in the fourth quarter valued at approximately $96,000. New York State Teachers Retirement System acquired a new position in shares of Coursera during the 4th quarter worth approximately $107,000. Finally, Cibc World Markets Corp acquired a new position in shares of Coursera during the 4th quarter worth approximately $109,000. 89.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the completion of the transaction, the senior vice president now owns 180,413 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 16.80% of the company's stock.

Coursera Stock Up 1.5 %

Shares of COUR traded up $0.13 during trading hours on Tuesday, hitting $8.73. 278,830 shares of the company were exchanged, compared to its average volume of 2,307,189. Coursera, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.74. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -16.82 and a beta of 1.38. The firm's fifty day moving average is $7.26 and its 200 day moving average is $7.78.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on COUR shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Coursera in a research report on Tuesday, April 22nd. Morgan Stanley lifted their target price on shares of Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Bank of America reissued an "underperform" rating and issued a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. Needham & Company LLC restated a "buy" rating and set a $11.00 price objective on shares of Coursera in a report on Friday, April 25th. Finally, UBS Group increased their target price on Coursera from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9.31.

About Coursera

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.