Mercer Global Advisors Inc. ADV Trims Stock Holdings in Coursera, Inc. (NYSE:COUR)

Mercer Global Advisors Inc. ADV decreased its stake in shares of Coursera, Inc. (NYSE:COUR) by 11.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,243 shares of the company’s stock after selling 1,671 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Coursera were worth $95,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Coursera by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,655,040 shares of the company’s stock worth $19,007,000 after buying an additional 15,694 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Coursera during the second quarter worth about $295,000. Federated Hermes Inc. boosted its holdings in shares of Coursera by 24.4% during the second quarter. Federated Hermes Inc. now owns 819,969 shares of the company’s stock worth $5,871,000 after purchasing an additional 160,881 shares during the period. Headlands Technologies LLC grew its stake in shares of Coursera by 6,218.6% in the second quarter. Headlands Technologies LLC now owns 73,549 shares of the company’s stock worth $527,000 after purchasing an additional 72,385 shares during the last quarter. Finally, LGT Group Foundation purchased a new position in Coursera during the 2nd quarter valued at about $73,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Andrew Y. Ng sold 6,221 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the completion of the transaction, the director now directly owns 7,297,671 shares in the company, valued at approximately $58,600,298.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Alan B. Cardenas sold 6,285 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total value of $51,976.95. Following the completion of the sale, the senior vice president now directly owns 207,434 shares in the company, valued at $1,715,479.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,068 shares of company stock worth $324,787. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

Shares of COUR stock opened at $7.61 on Wednesday. Coursera, Inc. has a one year low of $6.35 and a one year high of $21.26. The company’s 50-day simple moving average is $8.11 and its two-hundred day simple moving average is $9.03. The company has a market capitalization of $1.19 billion, a P/E ratio of -11.02 and a beta of 1.42.

Coursera (NYSE:COUR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The business had revenue of $170.30 million for the quarter, compared to analysts’ expectations of $164.67 million. During the same period last year, the business earned ($0.20) EPS. The company’s revenue was up 10.8% compared to the same quarter last year. On average, research analysts expect that Coursera, Inc. will post -0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COUR shares. BMO Capital Markets raised their price target on Coursera from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Friday, July 26th. Cantor Fitzgerald raised shares of Coursera to a “strong-buy” rating in a research report on Tuesday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Coursera in a research note on Friday, July 26th. Finally, KeyCorp lowered their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.73.

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.