Sei Investments Co. Decreases Stake in Coursera, Inc. $COUR

Sei Investments Co. lessened its holdings in Coursera, Inc. (NYSE:COUR) by 92.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,417 shares of the company’s stock after selling 226,887 shares during the period. Sei Investments Co.’s holdings in Coursera were worth $101,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Coursera by 15.8% during the fourth quarter. Vanguard Group Inc. now owns 16,116,748 shares of the company’s stock worth $118,619,000 after acquiring an additional 2,195,148 shares during the period. Caledonia Private Investments Pty Ltd increased its position in shares of Coursera by 29.4% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 12,052,670 shares of the company’s stock valued at $88,708,000 after purchasing an additional 2,739,039 shares during the last quarter. Mak Capital One LLC purchased a new stake in shares of Coursera during the 4th quarter valued at $27,610,000. Geode Capital Management LLC raised its stake in shares of Coursera by 3.3% during the 4th 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 during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Coursera by 13.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,067,078 shares of the company’s stock worth $22,573,000 after buying an additional 362,223 shares during the last quarter. 89.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

COUR has been the topic of several research reports. Morgan Stanley set a $7.50 price objective on shares of Coursera in a research report on Friday, April 24th. Telsey Advisory Group dropped their price objective on Coursera from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Zacks Research raised Coursera from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Coursera in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $7.00 price objective on shares of Coursera in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Coursera has an average rating of “Moderate Buy” and a consensus target price of $8.55.

Insider Activity

In other news, SVP Alan B. Cardenas sold 9,139 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $5.71, for a total value of $52,183.69. Following the completion of the transaction, the senior vice president directly owned 236,237 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.30% of the company’s stock.

Coursera Price Performance

NYSE:COUR opened at $5.68 on Wednesday. Coursera, Inc. has a 1 year low of $5.00 and a 1 year high of $12.32. The stock’s fifty day moving average price is $5.63 and its two-hundred day moving average price is $5.79. The company has a market cap of $1.50 billion, a P/E ratio of -8.48, a P/E/G ratio of 0.73 and a beta of 1.24.

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

Coursera announced that its Board of Directors has initiated a share buyback program on Monday, May 18th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 55.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.