Nomura Holdings Inc. Invests $37.27 Million in 2U Inc (NASDAQ:TWOU)

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Nomura Holdings Inc. acquired a new position in shares of 2U Inc (NASDAQ:TWOU) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,292,997 shares of the software maker’s stock, valued at approximately $37,273,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC grew its stake in 2U by 773.7% in the 3rd quarter. Millennium Management LLC now owns 150,827 shares of the software maker’s stock worth $2,455,000 after acquiring an additional 133,564 shares during the period. Sachem Head Capital Management LP purchased a new stake in 2U in the 3rd quarter worth approximately $20,757,000. Voloridge Investment Management LLC grew its stake in 2U by 121.4% in the 3rd quarter. Voloridge Investment Management LLC now owns 135,882 shares of the software maker’s stock worth $2,212,000 after acquiring an additional 74,506 shares during the period. Barclays PLC grew its stake in 2U by 1,248.0% in the 3rd quarter. Barclays PLC now owns 559,292 shares of the software maker’s stock worth $9,105,000 after acquiring an additional 517,803 shares during the period. Finally, California State Teachers Retirement System grew its stake in 2U by 0.6% in the 3rd quarter. California State Teachers Retirement System now owns 89,175 shares of the software maker’s stock worth $1,452,000 after acquiring an additional 533 shares during the period.

Several analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of 2U from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Zacks Investment Research raised shares of 2U from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, November 19th. BidaskClub raised shares of 2U from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. KeyCorp lowered their target price on shares of 2U from $37.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Finally, ValuEngine raised shares of 2U from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.15.

Shares of TWOU traded up $0.22 during mid-day trading on Thursday, reaching $22.20. The company had a trading volume of 71,746 shares, compared to its average volume of 1,257,040. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -35.29 and a beta of 0.61. The firm has a fifty day simple moving average of $21.57 and a 200-day simple moving average of $25.06. 2U Inc has a fifty-two week low of $11.37 and a fifty-two week high of $80.49. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.42.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Tuesday, November 12th. The software maker reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.09. The company had revenue of $153.80 million for the quarter, compared to analyst estimates of $149.84 million. 2U had a negative net margin of 35.28% and a negative return on equity of 12.09%. 2U’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. As a group, equities analysts predict that 2U Inc will post -2.09 EPS for the current fiscal year.

About 2U

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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