MetLife Investment Advisors LLC purchased a new position in shares of 2U Inc (NASDAQ:TWOU) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 21,842 shares of the software maker’s stock, valued at approximately $1,409,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of 2U by 12.5% during the 4th quarter. BlackRock Inc. now owns 3,184,359 shares of the software maker’s stock worth $205,423,000 after purchasing an additional 353,767 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of 2U by 6.2% during the 4th quarter. Bamco Inc. NY now owns 2,454,547 shares of the software maker’s stock worth $158,343,000 after purchasing an additional 143,176 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 2U by 32.7% during the 4th quarter. Bank of New York Mellon Corp now owns 743,018 shares of the software maker’s stock worth $47,933,000 after purchasing an additional 183,113 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of 2U by 3.6% during the 4th quarter. OppenheimerFunds Inc. now owns 573,797 shares of the software maker’s stock worth $37,015,000 after purchasing an additional 20,127 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 2U by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 479,453 shares of the software maker’s stock worth $30,929,000 after purchasing an additional 25,264 shares during the last quarter.
In related news, Director Mark Chernis sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $85.65, for a total value of $856,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $88.67, for a total transaction of $3,990,150.00. Following the completion of the transaction, the director now owns 4,508 shares in the company, valued at approximately $399,724.36. The disclosure for this sale can be found here. Insiders sold 55,075 shares of company stock worth $4,853,085 in the last 90 days. 8.40% of the stock is currently owned by insiders.
TWOU opened at $82.25 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.28 and a current ratio of 4.28. 2U Inc has a 1 year low of $39.58 and a 1 year high of $91.00. The company has a market capitalization of $4,344.31, a P/E ratio of -152.31 and a beta of -0.09.
2U (NASDAQ:TWOU) last released its earnings results on Monday, February 26th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. 2U had a negative net margin of 10.26% and a negative return on equity of 9.54%. The business had revenue of $86.70 million for the quarter, compared to analysts’ expectations of $85.12 million. During the same period last year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 51.0% on a year-over-year basis. equities research analysts anticipate that 2U Inc will post -0.79 EPS for the current year.
Several research firms have issued reports on TWOU. Credit Suisse Group raised their price target on shares of 2U from $87.00 to $100.00 and gave the stock a “positive” rating in a research note on Monday, March 26th. BidaskClub raised shares of 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 11th. Goldman Sachs initiated coverage on shares of 2U in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $92.00 target price on the stock. Barrington Research reissued an “outperform” rating and issued a $92.00 target price (up from $80.00) on shares of 2U in a research report on Tuesday, February 27th. Finally, Needham & Company LLC raised their target price on shares of 2U to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $86.17.
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2U Company 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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