United Services Automobile Association decreased its stake in 2U Inc (NASDAQ:TWOU) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,283 shares of the software maker’s stock after selling 2,484 shares during the period. United Services Automobile Association’s holdings in 2U were worth $3,700,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of 2U in the second quarter worth about $135,000. AMP Capital Investors Ltd acquired a new position in shares of 2U in the second quarter worth about $248,000. Bayesian Capital Management LP acquired a new position in shares of 2U in the first quarter worth about $253,000. Independent Advisor Alliance acquired a new position in shares of 2U in the second quarter worth about $255,000. Finally, HM Payson & Co. acquired a new position in shares of 2U in the second quarter worth about $260,000.
In other 2U news, COO Mark Chernis sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the sale, the chief operating officer now owns 43,602 shares in the company, valued at $3,664,312.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Paucek sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the sale, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
Several research analysts recently commented on TWOU shares. Barrington Research reiterated a “buy” rating and issued a $100.00 price target on shares of 2U in a research note on Friday, August 3rd. BidaskClub cut 2U from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Piper Jaffray Companies started coverage on 2U in a research note on Thursday, September 6th. They issued a “neutral” rating and a $94.00 price target on the stock. ValuEngine upgraded 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 2nd. Finally, DA Davidson started coverage on 2U in a research note on Wednesday, August 29th. They issued a “buy” rating and a $98.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $91.15.
NASDAQ:TWOU opened at $64.82 on Tuesday. 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 Inc has a one year low of $57.84 and a one year high of $98.58. The stock has a market capitalization of $4.32 billion and a P/E ratio of -117.70.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The firm had revenue of $97.40 million for the quarter, compared to analysts’ expectations of $95.84 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. 2U’s revenue for the quarter was up 49.8% compared to the same quarter last year. As a group, equities research analysts predict that 2U Inc will post -0.71 earnings per share for the current year.
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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