First Republic Investment Management Inc. lowered its stake in 2U Inc (NASDAQ:TWOU) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,053 shares of the software maker’s stock after selling 4,982 shares during the period. First Republic Investment Management Inc.’s holdings in 2U were worth $6,104,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its position in 2U by 4.8% in the second quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after acquiring an additional 695 shares during the last quarter. AMP Capital Investors Ltd bought a new position in 2U in the second quarter valued at about $248,000. Laurion Capital Management LP bought a new position in 2U in the second quarter valued at about $872,000. Gardner Lewis Asset Management L P grew its position in 2U by 7.8% in the second quarter. Gardner Lewis Asset Management L P now owns 67,263 shares of the software maker’s stock valued at $5,620,000 after acquiring an additional 4,850 shares during the last quarter. Finally, Oak Ridge Investments LLC bought a new position in 2U in the second quarter valued at about $7,020,000.

NASDAQ:TWOU opened at $84.00 on Thursday. The stock has a market cap of $4.83 billion, a PE ratio of -155.56 and a beta of -0.04. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 0.04. 2U Inc has a 1-year low of $51.54 and a 1-year high of $98.58.

2U (NASDAQ:TWOU) last released its quarterly earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. The company had revenue of $97.40 million for the quarter, compared to analysts’ expectations of $95.84 million. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. sell-side analysts anticipate that 2U Inc will post -0.7 earnings per share for the current year.

A number of research analysts have issued reports on the company. BidaskClub upgraded 2U from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Barrington Research reiterated a “buy” rating and issued a $100.00 target price on shares of 2U in a research report on Friday, August 3rd. ValuEngine cut 2U from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. BMO Capital Markets lifted their target price on 2U from $97.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, June 4th. Finally, Piper Jaffray Companies assumed coverage on 2U in a research report on Thursday, September 6th. They issued a “neutral” rating and a $94.00 target price on the stock. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $89.64.

In other news, CEO Christopher J. Paucek sold 75,000 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the sale, the chief executive officer now directly owns 605,191 shares in the company, valued at $51,090,224.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

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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