Emory University Invests $17.89 Million in Coursera, Inc. (NYSE:COUR)

Emory University acquired a new position in shares of Coursera, Inc. (NYSE:COUR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 923,766 shares of the company's stock, valued at approximately $17,893,000. Coursera comprises about 11.1% of Emory University's investment portfolio, making the stock its 3rd biggest position. Emory University owned about 0.61% of Coursera as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB boosted its holdings in Coursera by 35.0% in the fourth quarter. Handelsbanken Fonder AB now owns 16,200 shares of the company's stock valued at $314,000 after acquiring an additional 4,200 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Coursera by 64.0% in the fourth quarter. Federated Hermes Inc. now owns 620,652 shares of the company's stock valued at $12,022,000 after acquiring an additional 242,295 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Coursera by 13.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,990 shares of the company's stock valued at $97,000 after acquiring an additional 580 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Coursera by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,528 shares of the company's stock valued at $417,000 after acquiring an additional 3,123 shares during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new position in Coursera in the fourth quarter valued at $2,390,000. Institutional investors and hedge funds own 89.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COUR shares. Truist Financial lifted their target price on Coursera from $17.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 2nd. Morgan Stanley cut their price objective on Coursera from $25.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday. Needham & Company LLC raised their price objective on Coursera from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Telsey Advisory Group raised their price objective on Coursera from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Coursera in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Coursera presently has an average rating of "Moderate Buy" and an average target price of $22.10.

Insider Activity

In other news, COO Shravan Goli sold 8,750 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $17.96, for a total value of $157,150.00. Following the sale, the chief operating officer now owns 809,523 shares in the company, valued at approximately $14,539,033.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Michele M. Meyers sold 2,540 shares of the company's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.86, for a total value of $42,824.40. Following the sale, the chief accounting officer now owns 206,059 shares in the company, valued at approximately $3,474,154.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shravan Goli sold 8,750 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $17.96, for a total transaction of $157,150.00. Following the sale, the chief operating officer now owns 809,523 shares in the company, valued at approximately $14,539,033.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 614,802 shares of company stock worth $9,673,854. 16.30% of the stock is currently owned by corporate insiders.

Coursera Stock Up 0.4 %

Shares of Coursera stock traded up $0.05 on Friday, hitting $11.95. 2,525,240 shares of the company's stock traded hands, compared to its average volume of 1,664,586. The firm's 50-day moving average is $14.67 and its 200 day moving average is $17.53. The stock has a market cap of $1.88 billion, a P/E ratio of -15.52 and a beta of 1.48. Coursera, Inc. has a 52-week low of $9.91 and a 52-week high of $21.26.

Coursera (NYSE:COUR - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. The firm had revenue of $168.88 million for the quarter, compared to the consensus estimate of $163.64 million. Coursera had a negative net margin of 18.33% and a negative return on equity of 18.15%. Equities research analysts forecast that Coursera, Inc. will post -0.47 EPS for the current year.

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.

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