Oppenheimer Asset Management Inc. Boosts Position in 2U Inc (TWOU)

Oppenheimer Asset Management Inc. increased its stake in shares of 2U Inc (NASDAQ:TWOU) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,219 shares of the software maker’s stock after purchasing an additional 4,106 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in 2U were worth $1,971,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Oak Ridge Investments LLC acquired a new stake in shares of 2U during the second quarter worth approximately $7,020,000. Tibra Equities Europe Ltd acquired a new stake in shares of 2U during the second quarter worth approximately $4,660,000. Bank of Montreal Can boosted its holdings in shares of 2U by 63.4% during the second quarter. Bank of Montreal Can now owns 31,580 shares of the software maker’s stock worth $2,639,000 after purchasing an additional 12,258 shares during the period. Fred Alger Management Inc. boosted its holdings in shares of 2U by 3.7% during the second quarter. Fred Alger Management Inc. now owns 205,675 shares of the software maker’s stock worth $17,186,000 after purchasing an additional 7,366 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in shares of 2U during the second quarter worth approximately $255,000.

In other news, COO Mark Chernis sold 10,000 shares of 2U stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total value of $840,400.00. Following the transaction, the chief operating officer now owns 43,602 shares of the company’s stock, valued at $3,664,312.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of 2U stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the completion of the transaction, the chief executive officer now directly owns 605,191 shares in the company, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

Several research firms recently commented on TWOU. BidaskClub upgraded shares of 2U from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Barrington Research restated a “buy” rating and set a $100.00 price target on shares of 2U in a report on Friday, August 3rd. ValuEngine upgraded shares of 2U from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 2nd. Piper Jaffray Companies began coverage on shares of 2U in a report on Thursday, September 6th. They set a “neutral” rating and a $94.00 price target for the company. Finally, DA Davidson began coverage on shares of 2U in a research report on Wednesday, August 29th. They set a “buy” rating and a $98.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. 2U presently has a consensus rating of “Buy” and an average price target of $90.00.

Shares of TWOU opened at $63.80 on Friday. The company has a market cap of $3.46 billion, a P/E ratio of -118.15 and a beta of -0.01. 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 twelve month low of $57.84 and a twelve month high of $98.58.

2U (NASDAQ:TWOU) last issued its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, beating the 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%. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) earnings per share. 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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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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