Los Angeles Capital Management LLC Makes New Investment in Coursera, Inc. (NYSE:COUR)

Los Angeles Capital Management LLC acquired a new stake in Coursera, Inc. (NYSE:COUR) in the third quarter, HoldingsChannel reports. The institutional investor acquired 18,744 shares of the company’s stock, valued at approximately $149,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Natixis acquired a new position in Coursera in the first quarter worth about $35,000. CWM LLC raised its holdings in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock worth $28,000 after buying an additional 3,860 shares in the last quarter. Covestor Ltd lifted its position in shares of Coursera by 72.9% during the 1st quarter. Covestor Ltd now owns 4,378 shares of the company’s stock worth $61,000 after buying an additional 1,846 shares during the period. nVerses Capital LLC boosted its stake in Coursera by 26.1% in the 2nd quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock valued at $62,000 after buying an additional 1,800 shares in the last quarter. Finally, LGT Group Foundation bought a new stake in Coursera in the second quarter valued at $73,000. 89.55% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $8.03, for a total value of $49,954.63. Following the transaction, the director now owns 7,297,671 shares of the company’s stock, valued at approximately $58,600,298.13. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COUR. Morgan Stanley cut their price objective on Coursera from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald cut their price target on shares of Coursera from $22.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group decreased their price objective on shares of Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets cut their target price on shares of Coursera from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $18.00 target price on shares of Coursera in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.93.

Coursera Price Performance

Shares of Coursera stock opened at $6.87 on Tuesday. The firm has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.71. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $21.26. The firm has a market cap of $1.09 billion, a P/E ratio of -13.47 and a beta of 1.44.

Coursera Company Profile

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.