Gilder Gagnon Howe & Co. LLC Has $158.51 Million Position in 2U Inc (TWOU)

Gilder Gagnon Howe & Co. LLC lessened its holdings in 2U Inc (NASDAQ:TWOU) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,108,133 shares of the software maker’s stock after selling 32,706 shares during the quarter. 2U comprises approximately 1.6% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 10th largest holding. Gilder Gagnon Howe & Co. LLC’s holdings in 2U were worth $158,511,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TWOU. Frontier Capital Management Co. LLC grew its stake in shares of 2U by 109.5% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 684,454 shares of the software maker’s stock worth $51,464,000 after purchasing an additional 357,677 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of 2U by 30.5% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,961 shares of the software maker’s stock worth $674,000 after purchasing an additional 2,094 shares during the period. NN Investment Partners Holdings N.V. grew its stake in shares of 2U by 4.0% during the 3rd quarter. NN Investment Partners Holdings N.V. now owns 155,000 shares of the software maker’s stock worth $11,654,000 after purchasing an additional 6,000 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of 2U by 18.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,219 shares of the software maker’s stock worth $1,971,000 after purchasing an additional 4,106 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of 2U by 17.5% during the 3rd quarter. First Trust Advisors LP now owns 1,809,880 shares of the software maker’s stock worth $136,085,000 after purchasing an additional 269,559 shares during the period.

In other news, COO Mark Chernis sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $84.04, for a total transaction of $840,400.00. Following the transaction, the chief operating officer now owns 43,602 shares in the company, valued at approximately $3,664,312.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Paucek sold 75,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total value of $6,331,500.00. Following the transaction, the chief executive officer now owns 605,191 shares in the company, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of 2U from a “strong-buy” rating to a “buy” rating in a research note on Saturday. BidaskClub cut shares of 2U from a “buy” rating to a “hold” rating in a research note on Saturday, September 15th. Needham & Company LLC assumed coverage on shares of 2U in a research note on Tuesday, October 23rd. They set a “buy” rating and a $80.00 price objective on the stock. DA Davidson assumed coverage on shares of 2U in a research note on Wednesday, August 29th. They set a “buy” rating and a $98.00 price objective on the stock. Finally, Piper Jaffray Companies assumed coverage on shares of 2U in a research note on Thursday, September 6th. They set a “neutral” rating and a $94.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $90.00.

Shares of NASDAQ:TWOU traded up $1.10 during midday trading on Tuesday, reaching $60.17. 26,618 shares of the company’s stock traded hands, compared to its average volume of 636,830. 2U Inc has a 1 year low of $57.84 and a 1 year high of $98.58. The firm has a market capitalization of $3.36 billion and a price-to-earnings ratio of -111.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.71 and a quick ratio of 5.71.

2U (NASDAQ:TWOU) last announced its earnings results on Thursday, August 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.21. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The firm had revenue of $97.40 million for the quarter, compared to analyst estimates of $95.84 million. During the same quarter last year, the firm posted ($0.11) EPS. The business’s revenue was up 49.8% on a year-over-year basis. On average, sell-side analysts expect that 2U Inc will post -0.71 earnings per share for the current year.

2U Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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

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