Northern Trust Corp Has $10.88 Million Stock Position in Coursera, Inc. (NYSE:COUR)

Northern Trust Corp increased its stake in shares of Coursera, Inc. (NYSE:COUR - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,280,107 shares of the company's stock after acquiring an additional 144,577 shares during the period. Northern Trust Corp owned 0.81% of Coursera worth $10,881,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Coursera by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 12,147,159 shares of the company's stock valued at $103,251,000 after purchasing an additional 440,948 shares during the last quarter. Norges Bank acquired a new position in Coursera in the 4th quarter valued at $17,010,000. Senvest Management LLC grew its stake in Coursera by 89.0% in the 4th quarter. Senvest Management LLC now owns 1,214,798 shares of the company's stock valued at $10,326,000 after buying an additional 571,992 shares during the last quarter. Barclays PLC raised its holdings in Coursera by 25.0% in the 4th quarter. Barclays PLC now owns 1,202,335 shares of the company's stock worth $10,220,000 after acquiring an additional 240,213 shares during the period. Finally, Trexquant Investment LP lifted its position in Coursera by 11.6% during the 4th quarter. Trexquant Investment LP now owns 1,180,745 shares of the company's stock worth $10,036,000 after acquiring an additional 122,422 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Insider Transactions at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The stock was 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 directly owns 180,413 shares of the company's stock, valued at $1,490,211.38. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 16.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COUR. UBS Group raised their price target on Coursera from $7.50 to $8.50 and gave the company a "neutral" rating in a research report on Friday, January 31st. Bank of America reiterated an "underperform" rating and issued a $7.00 price objective on shares of Coursera in a research report on Thursday, March 27th. Morgan Stanley boosted their price objective on Coursera from $9.00 to $10.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $11.00 target price on shares of Coursera in a research report on Friday, April 25th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.31.

Coursera Trading Down 1.1%

COUR stock traded down $0.10 during trading on Tuesday, hitting $8.66. 1,904,994 shares of the stock traded hands, compared to its average volume of 2,300,626. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -16.65 and a beta of 1.38. Coursera, Inc. has a one year low of $5.76 and a one year high of $11.74. The company has a 50 day simple moving average of $7.54 and a 200 day simple moving average of $7.89.

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

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.