American International Group Inc. increased its stake in shares of 2U Inc (NASDAQ:TWOU) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,364 shares of the software maker’s stock after acquiring an additional 2,196 shares during the period. American International Group Inc. owned about 0.06% of 2U worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its holdings in 2U by 64.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,378,603 shares of the software maker’s stock valued at $64,684,000 after purchasing an additional 538,487 shares during the period. Bamco Inc. NY acquired a new stake in 2U in the second quarter valued at approximately $24,989,000. Columbus Circle Investors grew its holdings in 2U by 117.2% in the second quarter. Columbus Circle Investors now owns 914,482 shares of the software maker’s stock valued at $82,111,000 after purchasing an additional 493,364 shares during the period. Zevenbergen Capital Investments LLC grew its holdings in 2U by 71.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 903,285 shares of the software maker’s stock valued at $42,382,000 after purchasing an additional 376,405 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new stake in 2U in the third quarter valued at approximately $19,586,000.

In related news, CEO Christopher J. Paucek sold 145,220 shares of 2U stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $63.83, for a total transaction of $9,269,392.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Harsha Mokkarala sold 22,658 shares of 2U stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $63.25, for a total value of $1,433,118.50. Following the transaction, the chief marketing officer now owns 47,869 shares in the company, valued at approximately $3,027,714.25. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.

Several brokerages have commented on TWOU. Robert W. Baird reissued a “buy” rating and issued a $68.00 price objective on shares of 2U in a report on Friday, November 10th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. KeyCorp reissued an “overweight” rating and issued a $73.00 price objective on shares of 2U in a report on Friday, November 17th. Needham & Company LLC raised their price objective on 2U from $66.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $70.00 price objective on shares of 2U in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.64.

2U Inc (NASDAQ TWOU) opened at $64.23 on Thursday. 2U Inc has a 1 year low of $29.23 and a 1 year high of $69.27. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05.

2U (NASDAQ:TWOU) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. The business had revenue of $70.25 million for the quarter, compared to the consensus estimate of $69.36 million. 2U had a negative return on equity of 13.02% and a negative net margin of 12.49%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. sell-side analysts predict that 2U Inc will post -0.6 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “American International Group Inc. Has $1.65 Million Position in 2U Inc (TWOU)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/american-international-group-inc-has-1-65-million-position-in-2u-inc-twou/1763184.html.

2U Profile

2U, Inc is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of a learning environment (Online Campus), which acts as the hub for all student and faculty academic and social interaction, and a suite of integrated applications, which the Company uses to launch, operate and support the Company’s clients’ programs.

Want to see what other hedge funds are holding TWOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 2U Inc (NASDAQ:TWOU).

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

Receive News & Ratings for 2U Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 2U and related companies with MarketBeat.com's FREE daily email newsletter.