Waterfront Wealth Inc. Has $1.33 Million Holdings in Coursera, Inc. (NYSE:COUR)

Waterfront Wealth Inc. raised its position in shares of Coursera, Inc. (NYSE:COUR) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 156,411 shares of the company’s stock after purchasing an additional 2,543 shares during the quarter. Waterfront Wealth Inc.’s holdings in Coursera were worth $1,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in COUR. FMR LLC increased its position in Coursera by 67.6% during the 3rd quarter. FMR LLC now owns 6,574 shares of the company’s stock valued at $52,000 after purchasing an additional 2,651 shares during the period. CWM LLC increased its position in Coursera by 82.3% during the 3rd quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $57,000 after purchasing an additional 3,217 shares during the period. KBC Group NV increased its position in Coursera by 90.7% during the 4th quarter. KBC Group NV now owns 9,203 shares of the company’s stock valued at $78,000 after purchasing an additional 4,376 shares during the period. Versor Investments LP bought a new position in shares of Coursera during the 3rd quarter worth approximately $106,000. Finally, New York State Teachers Retirement System bought a new position in shares of Coursera during the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 89.55% of the company’s stock.

Insider Activity

In other news, SVP Alan B. Cardenas sold 5,613 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $8.26, for a total transaction of $46,363.38. Following the completion of the sale, the senior vice president now directly owns 180,413 shares of the company’s stock, valued at $1,490,211.38. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Coursera in a report on Monday, November 25th. They set a “neutral” rating and a $8.00 price target on the stock. Scotiabank assumed coverage on Coursera in a report on Thursday, December 5th. They set a “sector perform” rating and a $9.00 price target on the stock. The Goldman Sachs Group cut their price target on Coursera from $9.00 to $7.25 and set a “sell” rating on the stock in a report on Friday, October 25th. BMO Capital Markets cut their price target on Coursera from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Coursera in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.13.

Coursera Price Performance

Shares of Coursera stock opened at $8.24 on Friday. Coursera, Inc. has a 1 year low of $6.29 and a 1 year high of $16.74. The firm has a market cap of $1.30 billion, a PE ratio of -15.84 and a beta of 1.42. The stock has a fifty day moving average price of $8.44 and a 200-day moving average price of $7.99.

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.