Avalon Global Asset Management buys $3,310,750 stake in 2U Inc (TWOU)

2U Inc (TWOU) : Avalon Global Asset Management scooped up 10,000 additional shares in 2U Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 95,000 shares of 2U Inc which is valued at $3,310,750.2U Inc makes up approximately 2.82% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in TWOU in the latest quarter, The investment management firm added 1,682 additional shares and now holds a total of 133,045 shares of 2U Inc which is valued at $4,636,618. 2U Inc makes up approx 0.01% of Credit Suisse Ag’s portfolio.Blackrock Fund Advisors boosted its stake in TWOU in the latest quarter, The investment management firm added 249,147 additional shares and now holds a total of 873,863 shares of 2U Inc which is valued at $30,454,126. 2U Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio. Nine Chapters Capital Management sold out all of its stake in TWOU during the most recent quarter. The investment firm sold 18,100 shares of TWOU which is valued $648,704.Essex Investment Management Co reduced its stake in TWOU by selling 14 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 149,554 shares of TWOU which is valued at $5,271,779. 2U Inc makes up approx 0.84% of Essex Investment Management Co’s portfolio.

2U Inc opened for trading at $35.73 and hit $36.26 on the upside on Tuesday, eventually ending the session at $35.97, with a gain of 0.84% or 0.3 points. The heightened volatility saw the trading volume jump to 3,75,983 shares. Company has a market cap of $1,686 M.

On the company’s financial health, 2U Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.12. The company had revenue of $49.10 million for the quarter, compared to analysts expectations of $48.55 million. The company’s revenue was up 39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on 2U Inc. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $36 .Company shares were Reiterated by Barrington Research on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $33 .Needham Initiated 2U Inc on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $40.

2U Inc. is a provider of an integrated solution comprised 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 an online learning environment Online Campus which acts as the hub for student and faculty academic and social interaction and operations applications which provide the content management admissions application processing customer relationship management and other necessary functionalities. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program including attracting students advising prospective students through the admissions application process providing technical success coaching and other support facilitating accessibility to individuals with disabilities and facilitating in-program field placements.

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