SG Americas Securities LLC Has $2.70 Million Holdings in Coursera, Inc. $COUR

SG Americas Securities LLC raised its stake in shares of Coursera, Inc. (NYSE:COUR) by 139.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 230,876 shares of the company’s stock after purchasing an additional 134,569 shares during the period. SG Americas Securities LLC’s holdings in Coursera were worth $2,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COUR. The Manufacturers Life Insurance Company boosted its position in shares of Coursera by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,852 shares of the company’s stock valued at $621,000 after buying an additional 1,027 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Coursera by 5.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 20,782 shares of the company’s stock valued at $182,000 after acquiring an additional 1,110 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Coursera by 9.2% during the 3rd quarter. Merit Financial Group LLC now owns 13,184 shares of the company’s stock worth $154,000 after acquiring an additional 1,112 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Coursera by 102.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,652 shares of the company’s stock worth $32,000 after acquiring an additional 1,852 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Coursera by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock worth $698,000 after acquiring an additional 2,847 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Coursera Trading Down 10.6%

NYSE:COUR opened at $6.55 on Wednesday. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The firm’s 50 day moving average is $7.85 and its 200 day moving average is $9.59. The stock has a market capitalization of $1.09 billion, a PE ratio of -22.60 and a beta of 1.37.

Coursera (NYSE:COUR) last released its earnings results on Thursday, October 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The business had revenue of $194.20 million during the quarter, compared to the consensus estimate of $190.33 million. During the same period last year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts predict that Coursera, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 8,078 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.17, for a total transaction of $65,997.26. Following the sale, the senior vice president directly owned 237,828 shares of the company’s stock, valued at $1,943,054.76. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michele M. Meyers sold 3,500 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $10.27, for a total transaction of $35,945.00. Following the transaction, the chief accounting officer owned 234,295 shares of the company’s stock, valued at $2,406,209.65. This represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 16.80% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the topic of several analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price target on shares of Coursera in a report on Wednesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating on shares of Coursera in a research report on Wednesday, November 26th. JPMorgan Chase & Co. raised Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price for the company in a report on Wednesday, December 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. Finally, UBS Group cut their price objective on Coursera from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.27.

About Coursera

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.