Vienna Asset Management LLC Invests $92,000 in 2U, Inc. (NASDAQ:TWOU)

Vienna Asset Management LLC purchased a new position in 2U, Inc. (NASDAQ:TWOUGet Rating) in the fourth quarter, HoldingsChannel reports. The firm purchased 4,577 shares of the software maker’s stock, valued at approximately $92,000.

Several other large investors also recently modified their holdings of the company. ARK Investment Management LLC lifted its stake in shares of 2U by 6.4% in the 4th quarter. ARK Investment Management LLC now owns 8,949,466 shares of the software maker’s stock worth $179,616,000 after acquiring an additional 537,194 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of 2U by 6.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,273,261 shares of the software maker’s stock worth $105,834,000 after acquiring an additional 298,193 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in shares of 2U by 6.0% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 5,273,261 shares of the software maker’s stock worth $103,725,000 after acquiring an additional 298,193 shares during the period. Invesco Ltd. lifted its stake in shares of 2U by 21.5% in the 3rd quarter. Invesco Ltd. now owns 1,627,830 shares of the software maker’s stock worth $54,646,000 after acquiring an additional 288,424 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 2U by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 1,585,025 shares of the software maker’s stock worth $31,811,000 after acquiring an additional 139,945 shares during the period.

A number of research firms recently commented on TWOU. StockNews.com began coverage on shares of 2U in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Cantor Fitzgerald began coverage on shares of 2U in a report on Tuesday, March 29th. They issued a “neutral” rating and a $12.00 target price on the stock. Zacks Investment Research downgraded shares of 2U from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley dropped their target price on shares of 2U from $22.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, April 14th. Finally, William Blair downgraded shares of 2U from an “outperform” rating to a “market perform” rating in a report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.61.

Shares of TWOU stock traded down $0.47 during trading hours on Tuesday, reaching $10.60. 1,078,441 shares of the stock traded hands, compared to its average volume of 2,369,071. 2U, Inc. has a 1-year low of $8.12 and a 1-year high of $46.52. The business has a fifty day moving average price of $11.41 and a 200 day moving average price of $15.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $816.96 million, a PE ratio of -2.92 and a beta of 1.22.

2U (NASDAQ:TWOUGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The software maker reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. 2U had a negative net margin of 28.45% and a negative return on equity of 18.88%. The firm had revenue of $253.33 million for the quarter, compared to the consensus estimate of $252.97 million. During the same period in the previous year, the firm posted ($0.46) earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Research analysts expect that 2U, Inc. will post -1.67 earnings per share for the current fiscal year.

2U Company Profile (Get Rating)

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.

See Also

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

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