Coursera, Inc. (NYSE:COUR) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Coursera, Inc. (NYSE:COUR) by 73.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675,208 shares of the company’s stock after buying an additional 286,012 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Coursera were worth $5,739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Pitcairn Co. grew its position in shares of Coursera by 16.9% during the 3rd quarter. Pitcairn Co. now owns 13,655 shares of the company’s stock valued at $108,000 after buying an additional 1,971 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Coursera by 1.7% during the fourth quarter. Waterfront Wealth Inc. now owns 156,411 shares of the company’s stock valued at $1,329,000 after purchasing an additional 2,543 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Coursera by 6.4% during the 4th quarter. New York State Common Retirement Fund now owns 42,368 shares of the company’s stock worth $360,000 after purchasing an additional 2,552 shares during the period. FMR LLC lifted its holdings in shares of Coursera by 67.6% in the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock worth $52,000 after purchasing an additional 2,651 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Coursera during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COUR shares. Scotiabank initiated coverage on shares of Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Coursera in a research note on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Coursera in a research note on Monday, January 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of Coursera in a research report on Thursday, December 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $10.00 target price on shares of Coursera in a research report on Friday, January 31st. One investment 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, Coursera currently has an average rating of “Moderate Buy” and an average target price of $10.13.

Coursera Stock Up 3.0 %

Shares of Coursera stock opened at $6.98 on Friday. The business has a fifty day simple moving average of $8.14 and a 200-day simple moving average of $7.92. Coursera, Inc. has a fifty-two week low of $6.29 and a fifty-two week high of $14.64. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -13.43 and a beta of 1.40.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of Coursera stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 approximately $1,490,211.38. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.30% of the stock is owned by company insiders.

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.