JPMorgan Chase & Co. Lowers Stake in Coursera, Inc. $COUR

JPMorgan Chase & Co. lessened its position in Coursera, Inc. (NYSE:COUR) by 73.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,303 shares of the company’s stock after selling 591,643 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Coursera worth $2,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Coursera by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,921,600 shares of the company’s stock valued at $163,022,000 after acquiring an additional 357,264 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Coursera by 341.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,955,723 shares of the company’s stock worth $34,612,000 after purchasing an additional 2,286,395 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Coursera by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,704,855 shares of the company’s stock worth $31,679,000 after purchasing an additional 151,000 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Coursera by 84.2% in the third quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock valued at $27,162,000 after purchasing an additional 1,060,288 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Coursera by 6.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,883,396 shares of the company’s stock valued at $16,499,000 after purchasing an additional 115,898 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COUR. The Goldman Sachs Group reduced their target price on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a research report on Saturday, February 7th. Royal Bank Of Canada dropped their price objective on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $14.00 price objective on shares of Coursera in a report on Friday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, February 6th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $8.00 target price on shares of Coursera in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.62.

Insider Buying and Selling

In other Coursera news, SVP Alan B. Cardenas sold 9,710 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the transaction, the senior vice president owned 217,876 shares in the company, valued at $1,289,825.92. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.80% of the stock is owned by company insiders.

Coursera Stock Down 0.2%

COUR opened at $5.90 on Monday. Coursera, Inc. has a 52-week low of $5.47 and a 52-week high of $13.56. The company has a 50 day moving average of $6.04 and a two-hundred day moving average of $7.73. The company has a market cap of $998.76 million, a P/E ratio of -19.03 and a beta of 1.35.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, February 5th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Coursera had a negative net margin of 6.73% and a negative return on equity of 5.17%. The business had revenue of $196.90 million for the quarter, compared to the consensus estimate of $191.83 million. During the same quarter last year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts anticipate that Coursera, Inc. will post -0.28 earnings per share for the current year.

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.