Baillie Gifford & Co. Sells 170,871 Shares of Coursera, Inc. $COUR

Baillie Gifford & Co. lowered its stake in Coursera, Inc. (NYSE:COUR) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,406,775 shares of the company’s stock after selling 170,871 shares during the quarter. Baillie Gifford & Co. owned about 4.59% of Coursera worth $86,733,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Coursera during the 2nd quarter valued at approximately $4,617,000. Norges Bank purchased a new stake in shares of Coursera during the 2nd quarter worth approximately $15,435,000. Quantedge Capital Pte Ltd bought a new position in shares of Coursera during the 2nd quarter valued at approximately $1,652,000. Jump Financial LLC boosted its position in shares of Coursera by 67.4% during the 2nd quarter. Jump Financial LLC now owns 404,180 shares of the company’s stock valued at $3,541,000 after acquiring an additional 162,667 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Coursera by 967.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 218,179 shares of the company’s stock valued at $1,911,000 after purchasing an additional 197,734 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Trading Up 0.4%

Shares of NYSE:COUR opened at $6.51 on Friday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -22.43 and a beta of 1.37. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The firm’s 50-day moving average is $7.55 and its 200 day moving average is $9.46.

Coursera (NYSE:COUR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Coursera had a negative net margin of 6.19% and a negative return on equity of 4.75%. The business had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts forecast that Coursera, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president directly owned 237,828 shares in the company, valued at approximately $1,943,054.76. This represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Coursera in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Coursera in a report on Wednesday, November 26th. Royal Bank Of Canada dropped their price target on Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $14.00 price objective on shares of Coursera in a research note on Wednesday, December 17th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.27.

Coursera Company Profile

Coursera, Inc (NYSE:COUR) operates a leading online learning platform that delivers courses, specializations, professional certificates and fully accredited degree programs in collaboration with top universities and industry partners. Founded in 2012 by Stanford University professors Andrew Ng and Daphne Koller, Coursera’s mission is to provide universal access to world-class education and bridge skill gaps in a rapidly evolving job market.

The platform features more than 6,000 offerings created by over 275 academic institutions and corporate entities, spanning fields such as data science, business, technology, health care and the arts.