2U Inc (TWOU) : Oakmont Corp reduced its stake in 2U Inc by 6.25% during the most recent quarter end. The investment management company now holds a total of 439,603 shares of 2U Inc which is valued at $15,755,372 after selling 29,310 shares in 2U Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.2U Inc makes up approximately 2.88% of Oakmont Corp’s portfolio.
Other Hedge Funds, Including , William Blair Investment Management boosted its stake in TWOU in the latest quarter, The investment management firm added 49,407 additional shares and now holds a total of 2,496,270 shares of 2U Inc which is valued at $86,995,010. 2U Inc makes up approx 0.32% of William Blair Investment Management’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in TWOU by selling 11,141 shares or 53.59% in the most recent quarter. The Hedge Fund company now holds 9,650 shares of TWOU which is valued at $336,785. Simplex Trading sold out all of its stake in TWOU during the most recent quarter. The investment firm sold 375 shares of TWOU which is valued $12,671.
2U Inc closed down -0.09 points or -0.26% at $34.81 with 2,65,225 shares getting traded on Wednesday. Post opening the session at $34.89, the shares hit an intraday low of $34.4928 and an intraday high of $34.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.