Citigroup Inc. Has $4.43 Million Stock Holdings in 2U, Inc. (NASDAQ:TWOU)

Citigroup Inc. lowered its position in shares of 2U, Inc. (NASDAQ:TWOU) by 16.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 646,017 shares of the software maker’s stock after selling 130,048 shares during the quarter. Citigroup Inc. owned about 0.80% of 2U worth $4,425,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. ARK Investment Management LLC increased its position in 2U by 1.7% during the first quarter. ARK Investment Management LLC now owns 9,325,605 shares of the software maker’s stock worth $63,880,000 after acquiring an additional 159,590 shares during the period. Vanguard Group Inc. increased its holdings in shares of 2U by 6.8% during the third quarter. Vanguard Group Inc. now owns 7,153,185 shares of the software maker’s stock worth $44,707,000 after purchasing an additional 458,189 shares during the period. Invesco Ltd. raised its position in shares of 2U by 11.1% in the first quarter. Invesco Ltd. now owns 1,769,009 shares of the software maker’s stock valued at $23,492,000 after buying an additional 177,100 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 2U by 144.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,739,677 shares of the software maker’s stock valued at $10,908,000 after buying an additional 1,028,476 shares during the period. Finally, Bank of New York Mellon Corp grew its position in 2U by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 1,577,531 shares of the software maker’s stock worth $9,859,000 after buying an additional 69,662 shares in the last quarter. Institutional investors own 90.55% of the company’s stock.

Insider Buying and Selling at 2U

In other 2U news, insider Aaron Mccullough purchased 45,700 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $3.14 per share, for a total transaction of $143,498.00. Following the completion of the acquisition, the insider now owns 348,524 shares in the company, valued at $1,094,365.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

TWOU has been the subject of a number of recent analyst reports. Credit Suisse Group cut their target price on 2U from $7.50 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. StockNews.com began coverage on shares of 2U in a research report on Thursday, August 17th. They set a “hold” rating for the company. The Goldman Sachs Group decreased their target price on shares of 2U from $10.00 to $8.60 and set a “buy” rating on the stock in a report on Thursday, August 10th. Cantor Fitzgerald cut their price target on shares of 2U from $7.40 to $5.30 and set an “overweight” rating for the company in a report on Wednesday, August 9th. Finally, Needham & Company LLC reduced their price target on shares of 2U from $15.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.04.

2U Stock Up 1.6 %

Shares of TWOU opened at $3.22 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.76 and a current ratio of 0.76. 2U, Inc. has a 52 week low of $2.83 and a 52 week high of $13.15. The stock has a market capitalization of $262.17 million, a price-to-earnings ratio of -0.71 and a beta of 1.22. The stock has a fifty day moving average of $3.72 and a 200-day moving average of $5.11.

2U (NASDAQ:TWOU) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). 2U had a negative net margin of 38.89% and a negative return on equity of 15.18%. The firm had revenue of $222.09 million for the quarter, compared to analyst estimates of $233.67 million. As a group, sell-side analysts anticipate that 2U, Inc. will post -0.45 earnings per share for the current fiscal year.

About 2U

2U, Inc operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs.