Sei Investments Co. Has $101,000 Stock Holdings in Coursera, Inc. $COUR

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

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in Coursera in the 4th quarter valued at $25,000. Quarry LP lifted its position in Coursera by 619.9% in the third quarter. Quarry LP now owns 4,024 shares of the company’s stock worth $47,000 after purchasing an additional 3,465 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Coursera by 224.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,939 shares of the company’s stock worth $36,000 after purchasing an additional 3,415 shares in the last quarter. Clearstead Trust LLC acquired a new position in shares of Coursera in the 4th quarter worth approximately $39,000. Finally, Daiwa Securities Group Inc. grew its position in Coursera by 163.7% in the second quarter. Daiwa Securities Group Inc. now owns 7,330 shares of the company’s stock valued at $64,000 after acquiring an additional 4,550 shares during the period. Institutional investors own 89.55% of the company’s stock.

Insider Activity

In related news, SVP Alan B. Cardenas sold 9,139 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $5.71, for a total transaction of $52,183.69. Following the sale, the senior vice president owned 236,237 shares in the company, valued at $1,348,913.27. This represents a 3.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.30% of the company’s stock.

Coursera Price Performance

Coursera stock opened at $5.68 on Wednesday. The firm has a market cap of $1.50 billion, a PE ratio of -8.48, a price-to-earnings-growth ratio of 0.73 and a beta of 1.24. The stock’s fifty day moving average price is $5.63 and its two-hundred day moving average price is $5.79. Coursera, Inc. has a one year low of $5.00 and a one year high of $12.32.

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

Coursera declared that its Board of Directors has initiated a stock buyback plan on Monday, May 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 55.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COUR shares. Wall Street Zen upgraded Coursera from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Coursera in a research report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price objective on shares of Coursera from $10.00 to $8.00 and set an “overweight” 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 note on Friday, July 24th. Finally, Bank of America cut their price objective on shares of Coursera from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.55.

Coursera 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.