Coursera, Inc. (NYSE:COUR) Stake Boosted by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,280,107 shares of the company's stock after buying an additional 144,577 shares during the quarter. Northern Trust Corp owned 0.81% of Coursera worth $10,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new position in Coursera during the fourth quarter worth $211,000. Aquatic Capital Management LLC bought a new position in Coursera during the fourth quarter worth $854,000. Susquehanna Fundamental Investments LLC bought a new position in Coursera during the fourth quarter worth $3,401,000. Penn Capital Management Company LLC bought a new position in Coursera during the fourth quarter worth $635,000. Finally, Hsbc Holdings PLC lifted its stake in Coursera by 27.1% during the fourth quarter. Hsbc Holdings PLC now owns 260,809 shares of the company's stock worth $2,222,000 after purchasing an additional 55,678 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COUR has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Coursera from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Bank of America reaffirmed an "underperform" rating and issued a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $12.00 target price on shares of Coursera in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Coursera from $8.00 to $7.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Coursera currently has a consensus rating of "Hold" and a consensus target price of $9.31.

Insider Buying and Selling

In related news, SVP Alan B. Cardenas sold 6,101 shares of Coursera stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $8.65, for a total transaction of $52,773.65. Following the transaction, the senior vice president now directly owns 293,368 shares of the company's stock, valued at $2,537,633.20. The trade was a 2.04% 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. 16.80% of the stock is owned by corporate insiders.

Coursera Price Performance

Shares of NYSE COUR traded up $0.03 during midday trading on Thursday, reaching $8.55. 1,696,198 shares of the company traded hands, compared to its average volume of 2,297,174. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $11.74. The stock has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.91. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -16.44 and a beta of 1.38.

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

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.