US Bancorp DE increased its position in shares of 2U, Inc. (NASDAQ:TWOU) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,354 shares of the software maker’s stock after buying an additional 169 shares during the period. US Bancorp DE’s holdings in 2U were worth $814,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TWOU. Rehmann Capital Advisory Group bought a new stake in 2U during the second quarter worth approximately $204,000. NN Investment Partners Holdings N.V. bought a new stake in 2U during the second quarter worth approximately $3,660,000. Columbia Partners L L C Investment Management bought a new stake in 2U during the first quarter worth approximately $261,000. Goldman Sachs Group Inc. raised its stake in 2U by 268.8% in the first quarter. Goldman Sachs Group Inc. now owns 91,047 shares of the software maker’s stock worth $3,611,000 after buying an additional 66,361 shares during the last quarter. Finally, Sylebra HK Co Ltd acquired a new position in 2U during the first quarter valued at $479,000.

2U, Inc. (NASDAQ TWOU) traded up 0.26% during trading on Friday, reaching $46.09. The company had a trading volume of 766,239 shares. 2U, Inc. has a 12 month low of $29.23 and a 12 month high of $52.94. The stock has a 50 day moving average price of $48.48 and a 200 day moving average price of $42.18. The firm’s market capitalization is $2.21 billion.

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Several research firms recently weighed in on TWOU. Robert W. Baird increased their target price on 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Investment Research downgraded 2U from a “hold” rating to a “sell” rating in a research report on Saturday. BidaskClub downgraded 2U from a “strong-buy” rating to a “buy” rating in a research report on Friday. Oppenheimer Holdings, Inc. increased their target price on 2U from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $56.00 target price (up from $54.00) on shares of 2U in a research report on Thursday. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. 2U has a consensus rating of “Buy” and a consensus price target of $54.60.

In other news, Director John M. Larson sold 45,000 shares of 2U stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $41.42, for a total transaction of $1,863,900.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy M. Haley sold 23,296 shares of 2U stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total value of $925,084.16. Following the transaction, the director now owns 23,454 shares in the company, valued at approximately $931,358.34. The disclosure for this sale can be found here. Insiders have sold 72,796 shares of company stock worth $2,987,524 in the last quarter. 8.40% of the stock is currently owned by corporate insiders.

About 2U

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.

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

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