2U, Inc. (NASDAQ:TWOU) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in 2U, Inc. (NASDAQ:TWOUGet Rating) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 738,197 shares of the software maker’s stock after selling 64,019 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.96% of 2U worth $9,803,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Banque Cantonale Vaudoise grew its stake in shares of 2U by 122.2% in the first quarter. Banque Cantonale Vaudoise now owns 2,000 shares of the software maker’s stock worth $27,000 after purchasing an additional 1,100 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of 2U by 8.6% in the first quarter. Vontobel Holding Ltd. now owns 18,800 shares of the software maker’s stock worth $250,000 after purchasing an additional 1,496 shares in the last quarter. Blair William & Co. IL grew its stake in shares of 2U by 0.5% in the first quarter. Blair William & Co. IL now owns 420,322 shares of the software maker’s stock worth $5,582,000 after purchasing an additional 2,167 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of 2U by 23.0% in the fourth quarter. Teacher Retirement System of Texas now owns 14,663 shares of the software maker’s stock worth $294,000 after purchasing an additional 2,744 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of 2U by 18.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 17,887 shares of the software maker’s stock worth $359,000 after purchasing an additional 2,755 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on TWOU. Needham & Company LLC decreased their price target on 2U from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, July 29th. StockNews.com raised 2U from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Morgan Stanley decreased their target price on 2U from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, August 1st. Macquarie cut 2U from an “outperform” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Monday, July 25th. Finally, Citigroup decreased their target price on 2U from $40.00 to $19.00 in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.00.

2U Trading Down 4.8 %

NASDAQ:TWOU opened at $6.71 on Wednesday. The stock has a fifty day simple moving average of $8.59 and a 200 day simple moving average of $9.98. The firm has a market capitalization of $518.15 million, a price-to-earnings ratio of -1.61 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. 2U, Inc. has a 1-year low of $6.68 and a 1-year high of $35.73.

2U (NASDAQ:TWOUGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The software maker reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.07. The firm had revenue of $241.46 million during the quarter, compared to the consensus estimate of $254.26 million. 2U had a negative return on equity of 20.64% and a negative net margin of 32.55%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.42) EPS. Sell-side analysts forecast that 2U, Inc. will post -1.28 earnings per share for the current year.

2U Company Profile

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2U, Inc operates as an education technology company in the United States and internationally. The company operates through 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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