Quantbot Technologies LP decreased its position in 2U Inc (NASDAQ:TWOU) by 65.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,256 shares of the software maker’s stock after selling 15,487 shares during the quarter. Quantbot Technologies LP’s holdings in 2U were worth $620,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AMP Capital Investors Ltd acquired a new position in shares of 2U in the second quarter worth $248,000. Independent Advisor Alliance acquired a new position in shares of 2U in the second quarter worth $255,000. HM Payson & Co. acquired a new position in shares of 2U in the second quarter worth $260,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of 2U in the second quarter worth $262,000. Finally, Piedmont Investment Advisors Inc. acquired a new position in shares of 2U in the third quarter worth $298,000.
Shares of TWOU stock opened at $57.58 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.31 and a quick ratio of 6.31. The firm has a market cap of $3.26 billion, a P/E ratio of -106.63 and a beta of 0.31. 2U Inc has a 12 month low of $47.83 and a 12 month high of $98.58.
2U (NASDAQ:TWOU) last issued its earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $106.96 million during the quarter, compared to the consensus estimate 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 revenue was up 52.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. On average, sell-side analysts anticipate that 2U Inc will post -0.67 earnings per share for the current year.
In related news, Director Gregory K. Peters acquired 9,761 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was bought at an average price of $51.22 per share, for a total transaction of $499,958.42. Following the completion of the purchase, the director now directly owns 11,156 shares of the company’s stock, valued at approximately $571,410.32. The transaction was disclosed in a document filed 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 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 owns 605,191 shares of the company’s stock, 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.
TWOU has been the subject of several research reports. BidaskClub downgraded shares of 2U from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Needham & Company LLC assumed coverage on shares of 2U in a research note on Tuesday, October 23rd. They set a “buy” rating and a $80.00 target price for the company. KeyCorp lowered their target price on shares of 2U from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, November 6th. ValuEngine downgraded shares of 2U from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 27th. Finally, Barrington Research reiterated an “outperform” rating and set a $75.00 target price (down previously from $100.00) on shares of 2U in a research note on Tuesday, November 6th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. 2U currently has an average rating of “Buy” and an average target price of $81.23.
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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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