Brown Advisory Inc. Sells 156,034 Shares of 2U Inc (TWOU)

Brown Advisory Inc. cut its holdings in shares of 2U Inc (NASDAQ:TWOU) by 30.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 355,900 shares of the software maker’s stock after selling 156,034 shares during the period. Brown Advisory Inc.’s holdings in 2U were worth $22,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kovack Advisors Inc. bought a new position in 2U during the fourth quarter worth about $204,000. Oppenheimer & Co. Inc. bought a new position in 2U during the fourth quarter worth about $213,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 2U by 37.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,596 shares of the software maker’s stock worth $232,000 after acquiring an additional 974 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in 2U by 21.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,844 shares of the software maker’s stock worth $180,000 after acquiring an additional 677 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in 2U during the third quarter worth about $238,000.

In other 2U news, insider James Kenigsberg sold 9,545 shares of 2U stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $62.86, for a total value of $599,998.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul A. Maeder purchased 67,830 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was purchased at an average cost of $61.45 per share, for a total transaction of $4,168,153.50. The disclosure for this purchase can be found here. Company insiders own 8.40% of the company’s stock.

Several research analysts have weighed in on TWOU shares. Needham & Company LLC lifted their target price on 2U from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BMO Capital Markets lifted their target price on 2U from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Credit Suisse Group reiterated an “outperform” rating and set a $70.00 target price (up from $64.00) on shares of 2U in a report on Wednesday, November 8th. Oppenheimer lifted their target price on 2U from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of 2U in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. 2U currently has an average rating of “Buy” and a consensus price target of $72.27.

Shares of 2U Inc (TWOU) opened at $79.10 on Friday. 2U Inc has a 12 month low of $33.90 and a 12 month high of $79.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.48 and a current ratio of 3.48.

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2U Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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