Russell Investments Group Ltd. Trims Holdings in 2U Inc (TWOU)

Russell Investments Group Ltd. cut its stake in 2U Inc (NASDAQ:TWOU) by 77.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,731 shares of the software maker’s stock after selling 79,066 shares during the period. Russell Investments Group Ltd.’s holdings in 2U were worth $1,709,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. AMP Capital Investors Ltd bought a new position in 2U during the 2nd quarter valued at about $248,000. Independent Advisor Alliance bought a new position in 2U during the 2nd quarter valued at about $255,000. HM Payson & Co. bought a new position in 2U during the 2nd quarter valued at about $260,000. Commerzbank Aktiengesellschaft FI bought a new position in 2U during the 2nd quarter valued at about $262,000. Finally, Commonwealth Equity Services LLC bought a new position in 2U during the 2nd quarter valued at about $304,000.

In other news, 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 sale, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark Chernis sold 10,000 shares of 2U 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 of the company’s stock, valued at approximately $3,664,312.08. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

TWOU opened at $56.76 on Thursday. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -105.11 and a beta of 0.31. 2U Inc has a 1-year low of $47.83 and a 1-year high of $98.58.

2U (NASDAQ:TWOU) last posted its quarterly earnings data on Monday, November 5th. The software maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $106.96 million during the quarter, compared to analysts’ expectations of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.15) EPS. As a group, equities research analysts forecast that 2U Inc will post -0.67 EPS for the current year.

TWOU has been the subject of several analyst reports. BidaskClub raised shares of 2U from a “sell” rating to a “hold” rating in a report on Friday, August 17th. DA Davidson started coverage on shares of 2U in a research report on Wednesday, August 29th. They issued a “buy” rating and a $98.00 price objective for the company. Piper Jaffray Companies started coverage on shares of 2U in a research report on Thursday, September 6th. They issued a “neutral” rating and a $94.00 price objective for the company. Needham & Company LLC started coverage on shares of 2U in a research report on Tuesday, October 23rd. They issued a “buy” rating and a $80.00 price objective for the company. Finally, ValuEngine cut shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. 2U has an average rating of “Buy” and a consensus price target of $81.23.

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2U 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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