UBS Group AG lowered its position in 2U, Inc. (NASDAQ:TWOU) by 2.4% during the first quarter, Holdings Channel reports. The firm owned 3,765 shares of the software maker’s stock after selling 92 shares during the period. UBS Group AG’s holdings in 2U were worth $149,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in TWOU. Vanguard Group Inc. boosted its stake in shares of 2U by 3.3% in the first quarter. Vanguard Group Inc. now owns 3,305,840 shares of the software maker’s stock worth $131,109,000 after buying an additional 104,328 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 2U by 226.6% in the first quarter. Wellington Management Group LLP now owns 3,045,515 shares of the software maker’s stock worth $120,786,000 after buying an additional 2,112,997 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of 2U by 7.8% in the first quarter. William Blair Investment Management LLC now owns 2,751,386 shares of the software maker’s stock worth $109,120,000 after buying an additional 200,057 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of 2U by 61.2% in the first quarter. Alliancebernstein L.P. now owns 1,900,220 shares of the software maker’s stock worth $75,363,000 after buying an additional 721,672 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of 2U by 8.5% in the first quarter. Frontier Capital Management Co. LLC now owns 1,632,301 shares of the software maker’s stock worth $64,737,000 after buying an additional 128,179 shares in the last quarter.
2U, Inc. (NASDAQ:TWOU) traded up 1.20% during midday trading on Friday, reaching $46.52. The company’s stock had a trading volume of 247,316 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 $48.52 and a 200 day moving average price of $42.09. The company’s market cap is $2.23 billion.
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TWOU has been the subject of a number of research analyst reports. Zacks Investment Research upgraded 2U from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, July 6th. BidaskClub upgraded 2U from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. KeyCorp reiterated an “overweight” rating and issued a $50.00 price target on shares of 2U in a research note on Monday, July 10th. BMO Capital Markets boosted their price target on 2U from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Citigroup Inc. started coverage on 2U in a research note on Tuesday, July 18th. They set a “buy” rating and a $57.00 target price for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.60.
In other 2U news, Director John M. Larson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $41.42, for a total value of $1,863,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 23,296 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $39.71, for a total transaction of $925,084.16. Following the completion of the transaction, the director now directly owns 23,454 shares of the company’s stock, valued at $931,358.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,796 shares of company stock valued at $2,987,524. Insiders own 8.40% of the company’s stock.
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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