Transcend Wealth Collective LLC Boosts Stock Position in 2U, Inc. (NASDAQ:TWOU)

Transcend Wealth Collective LLC raised its stake in 2U, Inc. (NASDAQ:TWOU) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,760 shares of the software maker’s stock after purchasing an additional 1,800 shares during the period. Transcend Wealth Collective LLC’s holdings in 2U were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. grew its stake in 2U by 3.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,272,370 shares of the software maker’s stock valued at $250,958,000 after purchasing an additional 215,827 shares during the last quarter. Nikko Asset Management Americas Inc. grew its stake in shares of 2U by 3.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,272,370 shares of the software maker’s stock worth $250,958,000 after acquiring an additional 215,827 shares during the last quarter. BlackRock Inc. grew its stake in shares of 2U by 2.1% during the first quarter. BlackRock Inc. now owns 3,332,639 shares of the software maker’s stock worth $127,406,000 after acquiring an additional 69,992 shares during the last quarter. Riverbridge Partners LLC grew its stake in shares of 2U by 79.8% during the first quarter. Riverbridge Partners LLC now owns 3,239,743 shares of the software maker’s stock worth $123,855,000 after acquiring an additional 1,437,968 shares during the last quarter. Finally, Credit Suisse AG grew its stake in shares of 2U by 16.8% during the fourth quarter. Credit Suisse AG now owns 1,946,201 shares of the software maker’s stock worth $77,868,000 after acquiring an additional 279,307 shares during the last quarter.

Shares of TWOU stock opened at $38.43 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.86 billion, a P/E ratio of -13.07 and a beta of 0.98. The stock’s 50 day simple moving average is $37.87. 2U, Inc. has a 1-year low of $28.45 and a 1-year high of $59.74.

2U (NASDAQ:TWOU) last issued its quarterly earnings results on Tuesday, April 27th. The software maker reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.11. 2U had a negative return on equity of 15.75% and a negative net margin of 24.29%. The firm had revenue of $232.47 million during the quarter, compared to analysts’ expectations of $219.49 million. During the same period in the previous year, the business earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, research analysts forecast that 2U, Inc. will post -1.7 EPS for the current year.

A number of equities research analysts recently commented on TWOU shares. Jefferies Financial Group dropped their target price on 2U from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, May 18th. They noted that the move was a valuation call. Needham & Company LLC upped their target price on 2U from $50.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 12th. Piper Sandler boosted their price target on 2U from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Zacks Investment Research downgraded 2U from a “buy” rating to a “hold” rating in a report on Thursday, April 15th. Finally, Barrington Research boosted their price target on 2U from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. 2U has an average rating of “Buy” and an average price target of $54.10.

About 2U

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates in two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.

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

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