Riverbridge Partners LLC lowered its stake in 2U Inc (NASDAQ:TWOU) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,745,229 shares of the software maker’s stock after selling 147,946 shares during the period. 2U comprises 2.4% of Riverbridge Partners LLC’s investment portfolio, making the stock its 9th biggest position. Riverbridge Partners LLC owned approximately 3.00% of 2U worth $123,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in TWOU. Tompkins Financial Corp purchased a new position in shares of 2U in the 4th quarter valued at approximately $26,000. Rehmann Capital Advisory Group acquired a new stake in shares of 2U in the 4th quarter valued at approximately $34,000. Captrust Financial Advisors lifted its holdings in shares of 2U by 352.8% in the 4th quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock valued at $52,000 after buying an additional 815 shares during the period. Mycio Wealth Partners LLC acquired a new stake in shares of 2U in the 4th quarter valued at approximately $74,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of 2U by 94.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,576 shares of the software maker’s stock valued at $78,000 after buying an additional 764 shares during the period.
2U stock opened at $61.84 on Friday. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -98.16 and a beta of 0.74. The company has a quick ratio of 7.62, a current ratio of 7.62 and a debt-to-equity ratio of 0.03. 2U Inc has a fifty-two week low of $44.50 and a fifty-two week high of $98.58.
Several analysts have recently commented on TWOU shares. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of 2U in a report on Tuesday, February 26th. BidaskClub raised 2U from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. Credit Suisse Group lifted their price objective on 2U from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. DA Davidson lifted their price objective on 2U to $88.00 and gave the stock an “in-line” rating in a report on Tuesday, February 26th. Finally, ValuEngine cut 2U from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $87.00.
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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