Swiss National Bank boosted its stake in shares of 2U Inc (NASDAQ:TWOU) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 92,300 shares of the software maker’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank owned approximately 0.16% of 2U worth $7,713,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Independent Advisor Alliance acquired a new stake in 2U during the 2nd quarter worth about $255,000. Segall Bryant & Hamill LLC acquired a new stake in shares of 2U during the 2nd quarter valued at about $1,348,000. Canada Pension Plan Investment Board acquired a new stake in shares of 2U during the 2nd quarter valued at about $4,011,000. Trexquant Investment LP acquired a new stake in shares of 2U during the 2nd quarter valued at about $1,486,000. Finally, SG Americas Securities LLC grew its position in shares of 2U by 43.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,226 shares of the software maker’s stock valued at $437,000 after acquiring an additional 1,582 shares during the period.
Shares of 2U stock opened at $84.75 on Thursday. The stock has a market capitalization of $5.13 billion, a P/E ratio of -156.94 and a beta of -0.04. 2U Inc has a twelve month low of $47.50 and a twelve month high of $98.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.71 and a current ratio of 5.71.
2U (NASDAQ:TWOU) last issued its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.21. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.84 million. 2U had a negative net margin of 13.69% and a negative return on equity of 9.91%. 2U’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period last year, the company posted ($0.11) EPS. sell-side analysts forecast that 2U Inc will post -0.7 EPS for the current year.
In other 2U news, COO Mark Chernis sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $93.55, for a total value of $935,500.00. Following the transaction, the chief operating officer now directly owns 43,602 shares of the company’s stock, valued at approximately $4,078,967.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl Lewis sold 10,393 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $95.74, for a total transaction of $995,025.82. Following the completion of the transaction, the director now directly owns 7,880 shares in the company, valued at $754,431.20. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
A number of research firms have recently commented on TWOU. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Barrington Research restated a “buy” rating and set a $100.00 target price on shares of 2U in a research report on Friday, August 3rd. ValuEngine cut 2U from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. BMO Capital Markets raised their target price on 2U from $97.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. Finally, Piper Jaffray Companies began coverage on 2U in a research report on Thursday. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. 2U has a consensus rating of “Buy” and an average price target of $89.31.
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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