Y Intercept Hong Kong Ltd Lowers Position in Coursera, Inc. $COUR

Y Intercept Hong Kong Ltd trimmed its position in shares of Coursera, Inc. (NYSE:COUR) by 76.3% during the third quarter, Holdings Channel reports. The firm owned 51,604 shares of the company’s stock after selling 166,575 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Coursera were worth $604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio increased its position in shares of Coursera by 32.6% during the third quarter. Strs Ohio now owns 69,500 shares of the company’s stock worth $814,000 after acquiring an additional 17,100 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Coursera by 19.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 42,063 shares of the company’s stock worth $493,000 after purchasing an additional 6,981 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Coursera during the third quarter worth $104,000. SG Americas Securities LLC raised its position in shares of Coursera by 139.7% during the 3rd quarter. SG Americas Securities LLC now owns 230,876 shares of the company’s stock worth $2,704,000 after acquiring an additional 134,569 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Coursera by 46.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 39,778 shares of the company’s stock worth $466,000 after purchasing an additional 12,548 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $5.86 on Wednesday. The business has a 50 day simple moving average of $7.28 and a 200-day simple moving average of $9.35. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The stock has a market capitalization of $974.27 million, a PE ratio of -20.19 and a beta of 1.37.

Insider Activity

In related news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the completion of the sale, the senior vice president owned 237,828 shares in the company, valued at $1,943,054.76. This trade represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Coursera in a report on Wednesday, October 8th. UBS Group reduced their price target on shares of Coursera from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Cantor Fitzgerald reissued 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 on the stock in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. upgraded Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.