Baillie Gifford & Co. Sells 170,871 Shares of Coursera, Inc. $COUR

Baillie Gifford & Co. cut its stake in Coursera, Inc. (NYSE:COUR) by 2.3% during the third quarter, HoldingsChannel reports. The firm owned 7,406,775 shares of the company’s stock after selling 170,871 shares during the period. Baillie Gifford & Co.’s holdings in Coursera were worth $86,733,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COUR. Royal Bank of Canada boosted its position in Coursera by 38.8% in the 1st quarter. Royal Bank of Canada now owns 55,891 shares of the company’s stock valued at $372,000 after buying an additional 15,610 shares during the period. AQR Capital Management LLC increased its position in shares of Coursera by 36.8% during the first quarter. AQR Capital Management LLC now owns 581,879 shares of the company’s stock worth $3,875,000 after acquiring an additional 156,566 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Coursera by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 104,795 shares of the company’s stock valued at $698,000 after acquiring an additional 2,847 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Coursera during the first quarter valued at approximately $273,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Coursera by 157.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,082 shares of the company’s stock valued at $301,000 after purchasing an additional 21,433 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Insider Activity at Coursera

In other news, SVP Alan B. Cardenas sold 8,078 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $8.17, for a total value of $65,997.26. Following the sale, the senior vice president directly owned 237,828 shares in the company, valued at approximately $1,943,054.76. This trade represents a 3.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.80% of the company’s stock.

Coursera Trading Up 0.4%

COUR opened at $6.51 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -22.43 and a beta of 1.37. Coursera, Inc. has a 12 month low of $5.76 and a 12 month high of $13.56. The stock has a fifty day moving average price of $7.55 and a 200-day moving average price of $9.46.

Coursera (NYSE:COUR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $194.20 million for the quarter, compared to the consensus estimate of $190.33 million. Coursera had a negative return on equity of 4.75% and a negative net margin of 6.19%.The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts forecast that Coursera, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on COUR shares. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price objective on shares of Coursera in a report on Wednesday, December 17th. Needham & Company LLC reissued a “buy” rating and set a $14.00 price target on shares of Coursera in a research report on Wednesday, November 26th. Cantor Fitzgerald restated an “overweight” rating on shares of Coursera in a research note on Wednesday, November 26th. Royal Bank Of Canada lowered their price objective on shares of Coursera from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. upgraded shares of Coursera from a “neutral” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.27.

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.