Brown Advisory Inc. raised its holdings in shares of 2U Inc (NASDAQ:TWOU) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,344 shares of the software maker’s stock after acquiring an additional 5,427 shares during the quarter. Brown Advisory Inc. owned approximately 0.30% of 2U worth $13,034,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in TWOU. AMP Capital Investors Ltd bought a new stake in shares of 2U in the 2nd quarter valued at approximately $248,000. Independent Advisor Alliance bought a new stake in shares of 2U in the 2nd quarter valued at approximately $255,000. HM Payson & Co. bought a new stake in shares of 2U in the 2nd quarter valued at approximately $260,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of 2U in the 2nd quarter valued at approximately $262,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of 2U in the 2nd quarter valued at approximately $304,000.
In other 2U news, CEO Christopher J. Paucek sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the completion of the sale, the chief executive officer now owns 605,191 shares of the company’s stock, valued at $51,090,224.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory K. Peters bought 9,761 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were bought at an average cost of $51.22 per share, with a total value of $499,958.42. Following the transaction, the director now directly owns 11,156 shares of the company’s stock, valued at $571,410.32. The disclosure for this purchase can be found here. 5.00% of the stock is owned by corporate insiders.
Several brokerages recently commented on TWOU. BidaskClub raised 2U from a “sell” rating to a “hold” rating in a research note on Saturday. DA Davidson set a $80.00 price target on 2U and gave the company a “buy” rating in a research note on Tuesday, November 6th. Credit Suisse Group lowered their price target on 2U from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, November 6th. Piper Jaffray Companies lowered their price target on 2U to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, November 6th. Finally, BMO Capital Markets lowered their price target on 2U from $93.00 to $75.00 and set a “positive” rating for the company in a research note on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $81.23.
Shares of 2U stock opened at $58.39 on Monday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -108.13 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 6.31. 2U Inc has a 12-month low of $47.83 and a 12-month high of $98.58.
2U (NASDAQ:TWOU) last announced its earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $106.96 million during the quarter, compared to analysts’ expectations of $106.49 million. 2U had a negative return on equity of 7.51% and a negative net margin of 11.13%. The company’s revenue was up 52.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, equities analysts predict that 2U Inc will post -0.67 EPS for the current fiscal year.
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2U Company Profile
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
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