Baillie Gifford & Co. Trims Stock Holdings in Coursera, Inc. (NYSE:COUR)

Baillie Gifford & Co. trimmed its position in Coursera, Inc. (NYSE:COUR - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,156,815 shares of the company's stock after selling 1,670,372 shares during the period. Baillie Gifford & Co. owned approximately 15.84% of Coursera worth $467,918,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COUR. Bank of New York Mellon Corp raised its position in shares of Coursera by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 312,725 shares of the company's stock valued at $7,205,000 after acquiring an additional 2,907 shares during the period. Bank of Montreal Can acquired a new stake in Coursera during the 1st quarter worth approximately $2,214,000. MetLife Investment Management LLC raised its holdings in Coursera by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 40,863 shares of the company's stock worth $941,000 after buying an additional 14,570 shares during the period. Vontobel Holding Ltd. raised its holdings in Coursera by 2.6% during the 1st quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company's stock worth $1,623,000 after buying an additional 1,798 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Coursera by 45.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,892 shares of the company's stock worth $320,000 after buying an additional 4,357 shares during the period. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Coursera

In related news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of the business's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the completion of the transaction, the chief executive officer now owns 2,277,496 shares of the company's stock, valued at $32,021,593.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Coursera news, CEO Jeffrey Nacey Maggioncalda sold 50,000 shares of Coursera stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $14.06, for a total value of $703,000.00. Following the transaction, the chief executive officer now owns 2,277,496 shares in the company, valued at $32,021,593.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth R. Hahn sold 5,000 shares of Coursera stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $18.39, for a total value of $91,950.00. Following the completion of the transaction, the chief financial officer now owns 552,715 shares in the company, valued at approximately $10,164,428.85. The disclosure for this sale can be found here. Insiders sold a total of 614,802 shares of company stock valued at $10,363,354 over the last quarter. 15.90% of the stock is owned by corporate insiders.

Coursera Price Performance

Coursera stock traded down $0.01 during mid-day trading on Tuesday, hitting $13.55. 870,898 shares of the company's stock traded hands, compared to its average volume of 1,579,474. Coursera, Inc. has a fifty-two week low of $9.91 and a fifty-two week high of $21.26. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -17.60 and a beta of 1.48. The firm has a 50 day simple moving average of $15.58 and a two-hundred day simple moving average of $17.86.

Coursera (NYSE:COUR - Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The company had revenue of $168.88 million during the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative return on equity of 18.15% and a negative net margin of 18.33%. On average, research analysts anticipate that Coursera, Inc. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial raised their target price on shares of Coursera from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, February 2nd. The Goldman Sachs Group downgraded shares of Coursera from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $18.00 to $14.00 in a report on Friday, January 19th. William Blair restated an "outperform" rating on shares of Coursera in a report on Friday, February 2nd. Telsey Advisory Group raised their price target on shares of Coursera from $24.00 to $25.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC raised their price target on shares of Coursera from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.10.

Coursera Company 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.