Tudor Investment Corp ET AL Lowers Stock Holdings in Coursera, Inc. $COUR

Tudor Investment Corp ET AL lowered its stake in shares of Coursera, Inc. (NYSE:COUR) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 580,951 shares of the company’s stock after selling 82,964 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Coursera were worth $6,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its position in 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 buying an additional 2,286,395 shares during the last quarter. Norges Bank purchased a new position in Coursera during the 2nd quarter worth $15,435,000. Lazard Asset Management LLC raised its position in Coursera by 84.2% during the 3rd quarter. Lazard Asset Management LLC now owns 2,319,515 shares of the company’s stock worth $27,162,000 after buying an additional 1,060,288 shares during the last quarter. Two Sigma Investments LP raised its position in Coursera by 231.5% during the 3rd quarter. Two Sigma Investments LP now owns 1,447,125 shares of the company’s stock worth $16,946,000 after buying an additional 1,010,592 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Coursera by 113.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,814,633 shares of the company’s stock worth $21,249,000 after buying an additional 963,698 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Stock Performance

Coursera stock opened at $6.07 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -19.57 and a beta of 1.35. Coursera, Inc. has a fifty-two week low of $5.47 and a fifty-two week high of $13.56. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $7.65.

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

Analyst Ratings Changes

A number of brokerages have commented on COUR. BMO Capital Markets restated an “outperform” rating and set a $8.00 price objective on shares of Coursera in a research report on Friday, February 6th. Royal Bank Of Canada cut their price objective on shares of Coursera from $11.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Coursera in a report on Friday, February 6th. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective on the stock in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group dropped their price objective on Coursera from $9.00 to $6.00 and set a “sell” rating on the stock in a report on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Coursera currently has a consensus rating of “Hold” and an average target price of $10.62.

Insider Activity at Coursera

In related news, SVP Alan B. Cardenas sold 9,710 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.92, for a total transaction of $57,483.20. Following the sale, the senior vice president owned 217,876 shares of the company’s stock, valued at $1,289,825.92. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by insiders.

Coursera 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.