Aviva PLC Purchases 3,072 Shares of Coursera, Inc. (NYSE:COUR)

Posted by on Mar 1st, 2023

Aviva PLC increased its stake in Coursera, Inc. (NYSE:COUR – Get Rating) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,423 shares of the company’s stock after acquiring an additional 3,072 shares during the period. Aviva PLC’s holdings in Coursera were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of COUR. Bank of New York Mellon Corp raised its position in Coursera by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 312,725 shares of the company’s stock valued at $7,205,000 after purchasing an additional 2,907 shares during the last quarter. Bank of Montreal Can bought a new position in Coursera during the 1st quarter valued at approximately $2,214,000. MetLife Investment Management LLC raised its position in Coursera by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 40,863 shares of the company’s stock valued at $941,000 after purchasing an additional 14,570 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Coursera by 2.6% during the 1st quarter. Vontobel Holding Ltd. now owns 71,452 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,798 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Coursera by 45.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,892 shares of the company’s stock worth $320,000 after acquiring an additional 4,357 shares during the period. Institutional investors own 62.31% of the company’s stock.

Coursera Stock Performance

Shares of COUR stock opened at $11.27 on Wednesday. Coursera, Inc. has a 52-week low of $9.81 and a 52-week high of $24.01. The firm has a market capitalization of $1.69 billion, a PE ratio of -9.31 and a beta of 1.68. The stock has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $12.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial downgraded Coursera from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.50 to $12.00 in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Coursera in a research note on Friday, February 10th. Cantor Fitzgerald downgraded Coursera from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $16.00 in a research note on Friday, February 10th. Morgan Stanley upped their price target on Coursera from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, February 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $20.00 price target on shares of Coursera in a research note on Friday, February 17th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.42.

Coursera Profile

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Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

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Institutional Ownership by Quarter for Coursera (NYSE:COUR)

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