Citizens Financial Group Inc. RI Acquires Shares of 13,853 Coursera, Inc. (NYSE:COUR)

Citizens Financial Group Inc. RI acquired a new stake in shares of Coursera, Inc. (NYSE:COUR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,853 shares of the company’s stock, valued at approximately $118,000.

Several other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coursera during the 4th quarter worth approximately $35,000. FMR LLC raised its stake in Coursera by 67.6% during the third quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares in the last quarter. KBC Group NV lifted its position in Coursera by 90.7% during 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 last quarter. Versor Investments LP purchased a new position in shares of Coursera in the 3rd quarter worth $106,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Coursera in the 4th quarter worth about $107,000. 89.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research note on Thursday, December 5th. Scotiabank started coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coursera in a research note on Monday, January 27th. JPMorgan Chase & Co. began coverage on shares of Coursera in a research note on Monday, November 25th. They issued a “neutral” rating and a $8.00 target price on the stock. Finally, UBS Group lifted their price target on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.13.

Coursera Stock Performance

NYSE COUR opened at $6.98 on Friday. Coursera, Inc. has a one year low of $6.29 and a one year high of $14.64. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -13.43 and a beta of 1.40. The company’s 50-day simple moving average is $8.14 and its two-hundred day simple moving average is $7.92.

Insider Activity

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.30% of the company’s stock.

About Coursera

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.