Jump Financial LLC Acquires 182,453 Shares of Coursera, Inc. (NYSE:COUR)

Jump Financial LLC lifted its holdings in Coursera, Inc. (NYSE:COUR - Free Report) by 582.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 213,753 shares of the company's stock after purchasing an additional 182,453 shares during the period. Jump Financial LLC owned 0.13% of Coursera worth $1,817,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Coursera by 3.8% in the 4th 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 last quarter. State Street Corp grew its position in Coursera by 2.2% in the third quarter. State Street Corp now owns 2,947,168 shares of the company's stock valued at $23,401,000 after purchasing an additional 63,549 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Coursera by 7.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company's stock valued at $23,214,000 after acquiring an additional 199,050 shares during the period. Norges Bank bought a new position in shares of Coursera in the 4th quarter valued at about $17,010,000. Finally, Senvest Management LLC lifted its stake in shares of Coursera by 89.0% during the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock worth $10,326,000 after buying an additional 571,992 shares during the last quarter. 89.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 180,413 shares in the company, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.80% of the stock is currently owned by insiders.

Coursera Price Performance

NYSE:COUR traded up $0.02 on Thursday, reaching $7.62. The stock had a trading volume of 486,548 shares, compared to its average volume of 2,328,976. Coursera, Inc. has a 12-month low of $5.76 and a 12-month high of $12.22. The firm's fifty day moving average is $7.24 and its two-hundred day moving average is $7.73. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -14.70 and a beta of 1.42.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $12.00 price target on shares of Coursera in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Bank of America restated an "underperform" rating and set a $7.00 price objective on shares of Coursera in a report on Thursday, March 27th. Morgan Stanley dropped their price target on shares of Coursera from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 price target on shares of Coursera in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9.44.

Coursera 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.