Baillie Gifford Amends Coursera Stake (SC 13G/A)
Ticker: COUR · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1651562
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investor-activity
TL;DR
**Baillie Gifford just tweaked its Coursera stake, watch for market reaction.**
AI Summary
Baillie Gifford & Co, a prominent investment management firm, filed an amended SC 13G/A on January 30, 2024, for their holdings in Coursera, Inc. This amendment, their third, indicates a change in their beneficial ownership as of December 29, 2023. While the filing doesn't specify the exact change in share count or percentage, it signals that Baillie Gifford's stake in Coursera has been adjusted, which could influence investor perception and the stock's trading activity.
Why It Matters
This filing matters because a significant institutional investor like Baillie Gifford adjusting its position can signal a change in their outlook on Coursera's future performance, potentially influencing other investors.
Risk Assessment
Risk Level: medium — The risk is medium because while the exact change isn't detailed, any adjustment by a major institutional holder can create volatility or shift sentiment for Coursera stock.
Analyst Insight
An investor should monitor Coursera's stock performance and look for any subsequent filings or news that might clarify the nature of Baillie Gifford's ownership change (e.g., increase or decrease in shares) before making significant investment decisions.
Key Numbers
- 22266M104 — CUSIP Number (identifies Coursera, Inc.'s common stock)
- 0001088875-24-000055 — Accession Number (unique identifier for this specific SEC filing)
- 005-92478 — SEC File Number (identifies Coursera, Inc. with the SEC)
Key Players & Entities
- Baillie Gifford & Co (company) — the reporting person and investment management firm
- Coursera, Inc. (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Coursera's stock price may experience short-term volatility as investors react to Baillie Gifford's adjusted stake. (Coursera, Inc.) — medium confidence, target: 2024-02-15
- Other institutional investors might review their positions in Coursera following this amendment from a major peer. (Institutional Investors) — low confidence, target: 2024-03-31
FAQ
Who filed this SC 13G/A amendment?
This SC 13G/A amendment was filed by Baillie Gifford & Co, an investment management firm based in Edinburgh, X0 (Scotland), as indicated by the 'FILED BY' section of the filing.
What company's securities are the subject of this filing?
The subject company for this filing is Coursera, Inc., identified by the 'Name of Issuer' and 'COMPANY CONFORMED NAME' sections, with a CUSIP Number of 22266M104.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as explicitly stated in the filing under 'Date of Event Which Requires Filing of this Statement'.
What type of securities are covered by this filing?
This filing covers 'COMMON STOCK' of Coursera, Inc., as specified under 'Title of Class of Securities'.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors who beneficially own more than 5% of a company's stock but do not intend to influence control. The '/A' signifies an amendment, indicating a change in their previously reported ownership or other details, as per Rule 13d-1(b) checked in this filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Coursera, Inc. (COUR).