Russell Investments Group Ltd. Cuts Position in Coursera, Inc. (NYSE:COUR)

Russell Investments Group Ltd. lowered its holdings in shares of Coursera, Inc. (NYSE:COUR) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,036 shares of the company’s stock after selling 31,560 shares during the quarter. Russell Investments Group Ltd.’s holdings in Coursera were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Coursera in the 4th quarter valued at approximately $35,000. FMR LLC increased its position in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after acquiring an additional 2,651 shares during the last quarter. KBC Group NV grew its holdings in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Coursera during the fourth quarter valued at approximately $107,000. Finally, Cibc World Markets Corp bought a new position in Coursera in the 4th quarter valued at $109,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at approximately $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.80% of the stock is currently owned by insiders.

Coursera Stock Up 3.5 %

Coursera stock opened at $7.62 on Thursday. The stock has a 50-day moving average price of $7.24 and a 200 day moving average price of $7.73. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -14.65 and a beta of 1.42. Coursera, Inc. has a 52 week low of $5.76 and a 52 week high of $12.22.

Analysts Set New Price Targets

COUR has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Coursera in a research note on Tuesday. Bank of America reissued an “underperform” rating and set a $7.00 target price on shares of Coursera in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley decreased their price objective on Coursera from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Coursera in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.44.

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.