Y Intercept Hong Kong Ltd Sells 27,361 Shares of Coursera, Inc. (NYSE:COUR)

Y Intercept Hong Kong Ltd cut its position in Coursera, Inc. (NYSE:COUR) by 41.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,429 shares of the company’s stock after selling 27,361 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Coursera were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of Coursera by 17.7% in the 3rd quarter. Algert Global LLC now owns 475,496 shares of the company’s stock valued at $3,775,000 after acquiring an additional 71,382 shares during the period. Assenagon Asset Management S.A. grew its holdings in Coursera by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,413,641 shares of the company’s stock worth $11,224,000 after purchasing an additional 83,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Coursera during the third quarter worth approximately $3,090,000. Millennium Management LLC raised its stake in Coursera by 67.0% in the second quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock valued at $20,055,000 after buying an additional 1,123,397 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Coursera in the second quarter valued at approximately $2,545,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Coursera Stock Up 1.5 %

COUR stock opened at $8.85 on Wednesday. Coursera, Inc. has a 52 week low of $6.29 and a 52 week high of $20.73. The business has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $7.64. The company has a market cap of $1.40 billion, a PE ratio of -17.35 and a beta of 1.49.

Insider Buying and Selling at Coursera

In other Coursera news, SVP Alan B. Cardenas sold 6,102 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.83, for a total value of $41,676.66. Following the sale, the senior vice president now owns 194,082 shares of the company’s stock, valued at approximately $1,325,580.06. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

COUR has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Coursera from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $18.00 price target on shares of Coursera in a research note on Monday, October 21st. Needham & Company LLC cut their price objective on shares of Coursera from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. started coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price objective for the company. Finally, KeyCorp lowered their target price on Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.52.

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.