Macquarie Group Ltd. acquired a new position in 2U Inc (NASDAQ:TWOU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 76,201 shares of the software maker’s stock, valued at approximately $2,869,000. Macquarie Group Ltd. owned approximately 0.12% of 2U as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. BNP Paribas Arbitrage SA raised its stake in 2U by 27.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,596 shares of the software maker’s stock worth $60,000 after buying an additional 347 shares in the last quarter. NEXT Financial Group Inc raised its stake in 2U by 39.5% in the second quarter. NEXT Financial Group Inc now owns 1,679 shares of the software maker’s stock worth $64,000 after buying an additional 475 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in 2U in the first quarter worth $50,000. Daiwa Securities Group Inc. purchased a new position in 2U in the second quarter worth $33,000. Finally, Great West Life Assurance Co. Can grew its holdings in 2U by 15.0% in the first quarter. Great West Life Assurance Co. Can now owns 7,915 shares of the software maker’s stock worth $559,000 after purchasing an additional 1,035 shares during the last quarter.
TWOU has been the topic of several analyst reports. Credit Suisse Group cut their price target on shares of 2U from $55.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Macquarie lowered shares of 2U from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Wednesday, July 31st. DA Davidson lowered shares of 2U from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, July 31st. Barrington Research lowered shares of 2U from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC lowered shares of 2U from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.64.
2U (NASDAQ:TWOU) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.16. The firm had revenue of $135.50 million for the quarter, compared to analyst estimates of $124.38 million. 2U had a negative net margin of 11.39% and a negative return on equity of 7.63%. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) earnings per share. As a group, research analysts anticipate that 2U Inc will post -2.11 EPS for the current fiscal year.
In related news, Director Gregory K. Peters acquired 72,358 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $13.95 per share, with a total value of $1,009,394.10. Following the completion of the acquisition, the director now directly owns 98,102 shares of the company’s stock, valued at $1,368,522.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Mark Chernis acquired 32,250 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $15.47 per share, for a total transaction of $498,907.50. Following the completion of the acquisition, the chief operating officer now directly owns 104,508 shares of the company’s stock, valued at $1,616,738.76. The disclosure for this purchase can be found here. Insiders have bought 159,608 shares of company stock worth $2,264,302 over the last three months. Corporate insiders own 4.92% of the company’s stock.
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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