abrdn plc Trims Stock Position in Coursera, Inc. (NYSE:COUR)

abrdn plc reduced its stake in Coursera, Inc. (NYSE:COUR) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 181,316 shares of the company’s stock after selling 3,811 shares during the period. abrdn plc’s holdings in Coursera were worth $3,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Coursera by 5.7% in the third quarter. Vanguard Group Inc. now owns 10,614,794 shares of the company’s stock valued at $198,390,000 after purchasing an additional 570,177 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Coursera by 41.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 75,663 shares of the company’s stock valued at $1,414,000 after buying an additional 22,353 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Coursera during the third quarter worth $585,000. FMR LLC grew its holdings in Coursera by 4,271.1% during the third quarter. FMR LLC now owns 138,259 shares of the company’s stock worth $2,584,000 after acquiring an additional 135,096 shares during the period. Finally, Principal Financial Group Inc. raised its position in Coursera by 1,167.6% in the third quarter. Principal Financial Group Inc. now owns 194,914 shares of the company’s stock worth $3,643,000 after acquiring an additional 179,537 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Coursera Price Performance

COUR opened at $11.97 on Monday. Coursera, Inc. has a 12 month low of $10.27 and a 12 month high of $21.26. The business has a 50-day moving average of $14.16 and a two-hundred day moving average of $17.30. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -15.55 and a beta of 1.48.

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

Analysts Set New Price Targets

Several brokerages have commented on COUR. William Blair restated an “outperform” rating on shares of Coursera in a research report on Friday, February 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Coursera in a report on Friday, February 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $26.00 price target on shares of Coursera in a research report on Wednesday, April 17th. Morgan Stanley dropped their price objective on Coursera from $25.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, The Goldman Sachs Group cut shares of Coursera from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coursera presently has an average rating of “Moderate Buy” and an average target price of $21.70.

Insider Activity

In related news, Director Amanda Clark sold 1,562 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $16.85, for a total value of $26,319.70. Following the transaction, the director now directly owns 67,252 shares of the company’s stock, valued at approximately $1,133,196.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Amanda Clark sold 1,562 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $16.85, for a total transaction of $26,319.70. Following the completion of the sale, the director now owns 67,252 shares of the company’s stock, valued at approximately $1,133,196.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alan B. Cardenas sold 5,864 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $16.54, for a total transaction of $96,990.56. Following the completion of the transaction, the senior vice president now owns 167,798 shares in the company, valued at approximately $2,775,378.92. The disclosure for this sale can be found here. Insiders sold 603,932 shares of company stock valued at $9,051,814 in the last ninety days. Company insiders own 16.30% of the company’s stock.

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.