Mirae Asset Global Investments Co. Ltd. raised its stake in 2U, Inc. (NASDAQ:TWOU – Free Report) by 6.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 836,251 shares of the software maker’s stock after acquiring an additional 50,366 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in 2U were worth $1,029,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Axxcess Wealth Management LLC bought a new stake in 2U in the third quarter valued at approximately $25,000. Principal Financial Group Inc. acquired a new position in shares of 2U in the 3rd quarter worth approximately $28,000. Qtron Investments LLC bought a new stake in shares of 2U in the 3rd quarter valued at $35,000. Oak Thistle LLC acquired a new stake in shares of 2U during the fourth quarter worth $39,000. Finally, Jump Financial LLC acquired a new stake in shares of 2U during the third quarter worth $47,000. Institutional investors and hedge funds own 80.53% of the company’s stock.
2U Trading Down 3.7 %
Shares of 2U stock opened at $0.24 on Wednesday. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.97 and a current ratio of 0.97. 2U, Inc. has a 52 week low of $0.24 and a 52 week high of $6.10. The stock has a 50 day moving average price of $0.37 and a two-hundred day moving average price of $1.00. The stock has a market capitalization of $20.07 million, a PE ratio of -0.06 and a beta of 0.83.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TWOU. Needham & Company LLC cut shares of 2U from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Morgan Stanley dropped their price objective on 2U from $2.00 to $1.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th. Finally, StockNews.com started coverage on 2U in a research note on Thursday, April 18th. They set a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.31.
View Our Latest Stock Analysis on 2U
2U Company Profile
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.
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