The Manufacturers Life Insurance Company Sells 3,275 Shares of Coursera, Inc. (NYSE:COUR)

The Manufacturers Life Insurance Company trimmed its position in Coursera, Inc. (NYSE:COUR) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,468 shares of the company’s stock after selling 3,275 shares during the period. The Manufacturers Life Insurance Company’s holdings in Coursera were worth $565,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COUR. Barclays PLC lifted its stake in shares of Coursera by 24.4% in the 3rd quarter. Barclays PLC now owns 962,122 shares of the company’s stock valued at $7,640,000 after acquiring an additional 188,911 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Coursera in the third quarter valued at $1,651,000. SG Americas Securities LLC increased its holdings in Coursera by 66.1% in the fourth quarter. SG Americas Securities LLC now owns 87,209 shares of the company’s stock valued at $741,000 after purchasing an additional 34,701 shares during the period. Janney Montgomery Scott LLC increased its holdings in Coursera by 15.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 121,845 shares of the company’s stock valued at $1,036,000 after purchasing an additional 16,724 shares during the period. Finally, KBC Group NV increased its holdings in Coursera by 90.7% in the fourth 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 period. 89.55% of the stock is currently owned by institutional investors.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total value of $46,363.38. Following the transaction, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on COUR shares. JPMorgan Chase & Co. decreased their price objective on Coursera from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Morgan Stanley increased their price objective on Coursera from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Friday, April 25th. UBS Group increased their price objective on Coursera from $7.50 to $8.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and issued a $12.00 price objective on shares of Coursera in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Coursera has an average rating of “Hold” and an average price target of $9.31.

Coursera Price Performance

COUR stock opened at $9.01 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of -17.32 and a beta of 1.38. The company’s 50-day moving average is $7.51 and its 200-day moving average is $7.87. Coursera, Inc. has a 1 year low of $5.76 and a 1 year high of $11.74.

Coursera (NYSE:COUR) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $175.60 million. Coursera had a negative net margin of 11.45% and a negative return on equity of 9.42%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current fiscal year.

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.