Virtu Financial LLC raised its stake in shares of 2U Inc (NASDAQ:TWOU) by 132.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,344 shares of the software maker’s stock after purchasing an additional 4,759 shares during the quarter. Virtu Financial LLC’s holdings in 2U were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Raymond James & Associates increased its position in 2U by 4.8% during the 2nd quarter. Raymond James & Associates now owns 15,244 shares of the software maker’s stock valued at $1,274,000 after purchasing an additional 695 shares during the period. Swiss National Bank increased its position in 2U by 1.5% during the 2nd quarter. Swiss National Bank now owns 92,300 shares of the software maker’s stock valued at $7,713,000 after purchasing an additional 1,400 shares during the period. PNC Financial Services Group Inc. increased its position in 2U by 4.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 35,429 shares of the software maker’s stock valued at $2,665,000 after purchasing an additional 1,426 shares during the period. Principal Financial Group Inc. increased its position in 2U by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 35,153 shares of the software maker’s stock valued at $2,953,000 after purchasing an additional 1,507 shares during the period. Finally, SG Americas Securities LLC increased its position in 2U by 43.4% during the 2nd quarter. SG Americas Securities LLC now owns 5,226 shares of the software maker’s stock valued at $437,000 after purchasing an additional 1,582 shares during the period.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of 2U from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. DA Davidson set a $80.00 target price on shares of 2U and gave the company a “buy” rating in a report on Tuesday, November 6th. BMO Capital Markets dropped their target price on shares of 2U from $93.00 to $75.00 and set a “positive” rating on the stock in a report on Tuesday, November 6th. Credit Suisse Group dropped their target price on shares of 2U from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, November 6th. Finally, First Analysis set a $95.00 target price on shares of 2U and gave the company a “buy” rating in a report on Friday, November 16th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $82.08.

In other news, CEO Christopher J. Paucek sold 75,000 shares of the business’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 sale, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregory K. Peters purchased 9,761 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $51.22 per share, for a total transaction of $499,958.42. Following the purchase, the director now owns 11,156 shares in the company, valued at $571,410.32. The disclosure for this purchase can be found here. Insiders own 5.00% of the company’s stock.

Shares of TWOU stock opened at $56.70 on Friday. 2U Inc has a 12 month low of $47.83 and a 12 month high of $98.58. The firm has a market cap of $3.31 billion, a PE ratio of -105.00 and a beta of 0.31. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.04.

2U (NASDAQ:TWOU) last announced its earnings results on Monday, November 5th. The software maker reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The firm had revenue of $106.96 million for the quarter, compared to analysts’ expectations of $106.49 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The company’s quarterly revenue was up 52.3% on a year-over-year basis. As a group, analysts expect that 2U Inc will post -0.67 earnings per share for the current year.

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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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