Virtu Financial LLC boosted its holdings in 2U Inc (NASDAQ:TWOU) by 132.7% in the third quarter, Holdings Channel reports. The institutional investor owned 8,344 shares of the software maker’s stock after acquiring an additional 4,759 shares during the period. Virtu Financial LLC’s holdings in 2U were worth $627,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. AMP Capital Investors Ltd purchased a new position in 2U in the 2nd quarter worth about $248,000. Independent Advisor Alliance purchased a new position in 2U in the 2nd quarter worth about $255,000. HM Payson & Co. purchased a new stake in shares of 2U during the 2nd quarter valued at about $260,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of 2U during the 2nd quarter valued at about $262,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of 2U during the 3rd quarter valued at about $298,000.
Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of 2U from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. BidaskClub lowered shares of 2U from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. BMO Capital Markets reduced their price target on shares of 2U from $93.00 to $75.00 and set a “positive” rating for the company in a research report on Tuesday, November 6th. First Analysis set a $95.00 price target on shares of 2U and gave the company a “buy” rating in a research report on Friday, November 16th. Finally, Needham & Company LLC assumed coverage on shares of 2U in a research report on Tuesday, October 23rd. They set a “buy” rating and a $80.00 price target for the company. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.08.
NASDAQ TWOU opened at $56.70 on Friday. 2U Inc has a 52 week low of $47.83 and a 52 week high of $98.58. The stock has a market cap of $3.31 billion, a PE ratio of -105.00 and a beta of 0.31. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.04.
2U (NASDAQ:TWOU) last released its earnings results on Monday, November 5th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $106.96 million during the quarter, compared to analyst estimates of $106.49 million. 2U had a negative net margin of 11.13% and a negative return on equity of 7.51%. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.15) EPS. Sell-side analysts forecast that 2U Inc will post -0.67 EPS for the current fiscal year.
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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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