UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Coursera, Inc. $COUR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Coursera, Inc. (NYSE:COUR) by 48.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 438,455 shares of the company’s stock after buying an additional 142,907 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Coursera worth $2,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Coursera in the 2nd quarter worth about $116,245,000. Caledonia Private Investments Pty Ltd bought a new stake in shares of Coursera during the 2nd quarter valued at about $114,918,000. Pale Fire Capital SE bought a new stake in shares of Coursera during the 1st quarter valued at about $61,178,000. Mak Capital One LLC purchased a new position in shares of Coursera during the fourth quarter worth about $27,610,000. Finally, Geode Capital Management LLC grew its holdings in shares of Coursera by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 3,359,248 shares of the company’s stock worth $24,729,000 after purchasing an additional 106,287 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COUR. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Coursera in a research note on Wednesday, June 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 price target on shares of Coursera in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of Coursera from a “sell” rating to a “neutral” rating and increased their price target for the stock from $5.50 to $6.50 in a report on Monday, August 3rd. BMO Capital Markets restated an “outperform” rating on shares of Coursera in a research report on Thursday, July 30th. Finally, Zacks Research downgraded shares of Coursera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.55.

Insider Activity at Coursera

In other Coursera news, SVP Alan Cardenas sold 9,139 shares of Coursera stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total transaction of $52,183.69. Following the transaction, the senior vice president directly owned 236,237 shares of the company’s stock, valued at approximately $1,348,913.27. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 16.30% of the company’s stock.

Coursera Trading Down 1.2%

Shares of Coursera stock opened at $5.24 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of -7.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26. The business’s 50-day moving average price is $5.77 and its 200-day moving average price is $5.78. Coursera, Inc. has a 12 month low of $5.00 and a 12 month high of $12.32.

Coursera (NYSE:COUR) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $298.60 million during the quarter, compared to the consensus estimate of $293.61 million. Coursera had a negative return on equity of 1.72% and a negative net margin of 15.39%.Coursera’s quarterly revenue was up 59.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, analysts predict that Coursera, Inc. will post 0.16 earnings per share for the current fiscal year.

Coursera declared that its board has approved a stock buyback plan on Monday, May 18th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 55.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.