2U Inc (TWOU) : Riverbridge Partners added new position in 2U Inc during the most recent quarter end. The investment management firm now holds 901,007 shares of 2U Inc which is valued at $31,445,144 , the company said in a statement filed on Aug 1, 2016 with the SEC.2U Inc makes up approximately 0.63% of Riverbridge Partners’s portfolio.
Other Hedge Funds, Including , Gilder Gagnon Howe Co reduced its stake in TWOU by selling 186,130 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 3,899,925 shares of TWOU which is valued at $136,107,383. 2U Inc makes up approx 2.52% of Gilder Gagnon Howe Co’s portfolio.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. Fox Run Management L.l.c. added TWOU to its portfolio by purchasing 8,900 company shares during the most recent quarter which is valued at $300,731. 2U Inc makes up approx 0.14% of Fox Run Management L.l.c.’s portfolio. 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 opened for trading at $35.03 and hit $35.24 on the upside on Thursday, eventually ending the session at $35.01, with a gain of 0.32% or 0.11 points. The heightened volatility saw the trading volume jump to 5,09,760 shares. Company has a market cap of $1,626 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. 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.