2U, Inc. (TWOU) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its holdings in shares of 2U, Inc. (NASDAQ:TWOU) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,628,814 shares of the software maker’s stock after purchasing an additional 308,339 shares during the quarter. BlackRock Inc. owned approximately 5.53% of 2U worth $123,344,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TWOU. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of 2U during the first quarter worth about $126,000. Rehmann Capital Advisory Group purchased a new stake in shares of 2U during the second quarter worth about $204,000. Principal Financial Group Inc. purchased a new stake in shares of 2U during the first quarter worth about $208,000. Finally, Prudential Financial Inc. purchased a new stake in shares of 2U during the second quarter worth about $222,000.

Several research firms recently issued reports on TWOU. Robert W. Baird increased their target price on 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. BidaskClub lowered 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research lowered 2U from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Compass Point reissued a “buy” rating and set a $70.00 price target (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $56.00 price target (up from $54.00) on shares of 2U in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $57.91.

ILLEGAL ACTIVITY WARNING: “2U, Inc. (TWOU) Shares Bought by BlackRock Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/2u-inc-twou-shares-bought-by-blackrock-inc.html.

Shares of 2U, Inc. (NASDAQ:TWOU) opened at 59.32 on Tuesday. The stock has a 50 day moving average price of $54.43 and a 200 day moving average price of $47.62. 2U, Inc. has a 1-year low of $29.23 and a 1-year high of $60.79. The company’s market capitalization is $2.84 billion.

In related news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at $751,681.35. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

2U Profile

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 universiti

Several other large investors have also added to or reduced their stakes in TWOU. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 2U by 182.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,622 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,693 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of 2U during the first quarter worth about $126,000. Rehmann Capital Advisory Group purchased a new stake in shares of 2U during the second quarter worth about $204,000. Principal Financial Group Inc. purchased a new stake in shares of 2U during the first quarter worth about $208,000. Finally, Prudential Financial Inc. purchased a new stake in shares of 2U during the second quarter worth about $222,000.

Several research firms recently issued reports on TWOU. Robert W. Baird increased their target price on 2U from $49.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. BidaskClub lowered 2U from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research lowered 2U from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Compass Point reissued a “buy” rating and set a $70.00 price target (up from $62.00) on shares of 2U in a research note on Monday, October 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $56.00 price target (up from $54.00) on shares of 2U in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $57.91.

ILLEGAL ACTIVITY WARNING: “2U, Inc. (TWOU) Shares Bought by BlackRock Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/2u-inc-twou-shares-bought-by-blackrock-inc.html.

Shares of 2U, Inc. (NASDAQ:TWOU) opened at 59.32 on Tuesday. The stock has a 50 day moving average price of $54.43 and a 200 day moving average price of $47.62. 2U, Inc. has a 1-year low of $29.23 and a 1-year high of $60.79. The company’s market capitalization is $2.84 billion.

In related news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $52.90, for a total value of $238,050.00. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $1,048,742.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Larson sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $46.79, for a total value of $7,018,500.00. Following the completion of the transaction, the director now owns 16,065 shares in the company, valued at $751,681.35. The disclosure for this sale can be found here. Corporate insiders own 8.40% of the company’s stock.

2U Profile

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.

Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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