JPMorgan Chase & Co. Raises Holdings in Coursera, Inc. (NYSE:COUR)

JPMorgan Chase & Co. boosted its position in Coursera, Inc. (NYSE:COUR - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,116 shares of the company's stock after buying an additional 93,959 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Coursera worth $4,880,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in COUR. Vanguard Group Inc. raised its stake in Coursera by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock worth $103,251,000 after purchasing an additional 440,948 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Coursera by 73.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 675,208 shares of the company's stock worth $5,739,000 after acquiring an additional 286,012 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Coursera in the third quarter valued at $1,651,000. Sei Investments Co. boosted its stake in shares of Coursera by 340.9% during the 4th quarter. Sei Investments Co. now owns 273,147 shares of the company's stock worth $2,322,000 after acquiring an additional 211,191 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock worth $23,214,000 after purchasing an additional 199,050 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Stock Up 1.4 %

COUR traded up $0.11 during trading on Thursday, reaching $7.71. 225,616 shares of the company were exchanged, compared to its average volume of 2,327,702. The company's 50-day moving average is $7.24 and its two-hundred day moving average is $7.73. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $12.22. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -14.76 and a beta of 1.42.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm'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 sale, the senior vice president now owns 180,413 shares of the company's stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 16.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley decreased their target price on Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. 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 report on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and set a $11.00 target price on shares of Coursera in a report on Monday, January 27th. UBS Group increased their price target on shares of Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $12.00 price objective on shares of Coursera in a research report on Tuesday. Two investment 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.44.

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.