AXQ Capital LP Invests $154,000 in Coursera, Inc. (NYSE:COUR)

AXQ Capital LP acquired a new position in Coursera, Inc. (NYSE:COUR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,109 shares of the company’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Algert Global LLC increased its holdings 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 purchasing an additional 71,382 shares in the last quarter. Geode Capital Management LLC increased its holdings in Coursera by 7.3% in the third quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock valued at $23,214,000 after buying an additional 199,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Coursera during the 3rd quarter valued at approximately $3,090,000. Franklin Resources Inc. purchased a new stake in shares of Coursera during the 3rd quarter worth approximately $1,651,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Coursera in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Coursera Stock Up 4.0 %

COUR stock opened at $7.42 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -14.26 and a beta of 1.40. The stock’s fifty day simple moving average is $7.98 and its 200-day simple moving average is $7.89. Coursera, Inc. has a 52-week low of $6.29 and a 52-week high of $14.32.

Analyst Upgrades and Downgrades

A number of analysts have commented on COUR shares. Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Coursera in a research report on Monday, January 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coursera in a research report on Tuesday, January 28th. JPMorgan Chase & Co. started coverage on shares of Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Coursera in a report on Friday, January 31st. Finally, UBS Group raised their price objective on shares of Coursera from $7.50 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Coursera has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Insiders Place Their Bets

In other Coursera news, SVP Alan B. Cardenas sold 5,613 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $8.26, for a total transaction of $46,363.38. Following the transaction, the senior vice president now owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.30% of the stock is owned by corporate insiders.

Coursera 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.