Landscape Capital Management L.L.C. Invests $2.09 Million in Coursera, Inc. (NYSE:COUR)

Landscape Capital Management L.L.C. purchased a new position in shares of Coursera, Inc. (NYSE:COUR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 245,415 shares of the company’s stock, valued at approximately $2,086,000. Landscape Capital Management L.L.C. owned approximately 0.15% of Coursera at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Coursera by 7.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,922,953 shares of the company’s stock worth $23,214,000 after acquiring an additional 199,050 shares in the last quarter. Franklin Resources Inc. purchased a new position in Coursera during the third quarter valued at approximately $1,651,000. SBI Securities Co. Ltd. purchased a new stake in Coursera during the fourth quarter worth $35,000. Barclays PLC lifted its holdings in Coursera by 24.4% during the third quarter. Barclays PLC now owns 962,122 shares of the company’s stock worth $7,640,000 after buying an additional 188,911 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Coursera by 9.5% during the 4th quarter. Bank of New York Mellon Corp now owns 436,861 shares of the company’s stock valued at $3,713,000 after acquiring an additional 38,004 shares in the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COUR. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Coursera in a research report on Monday, January 27th. Bank of America restated an “underperform” rating and issued a $7.00 price target on shares of Coursera in a report on Thursday, March 27th. UBS Group boosted 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. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 target price on shares of Coursera in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $10.00 price target on shares of Coursera in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.83.

Insider Buying and Selling

In other news, SVP Alan B. Cardenas sold 5,613 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total value of $46,363.38. Following the sale, the senior vice president now owns 180,413 shares in the company, valued at $1,490,211.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.30% of the stock is currently owned by corporate insiders.

Coursera Trading Down 1.8 %

COUR opened at $6.23 on Friday. Coursera, Inc. has a 12-month low of $5.97 and a 12-month high of $14.01. The firm has a 50 day moving average of $7.67 and a two-hundred day moving average of $7.83. The firm has a market capitalization of $997.28 million, a PE ratio of -11.97 and a beta of 1.42.

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.