2U Inc. (NASDAQ:TWOU) traded up 5.1% during trading on Thursday . The company traded as high as $31.65 and last traded at $31.24, with a volume of 369,176 shares changing hands. The stock had previously closed at $29.72.

A number of equities research analysts have commented on the company. Zacks Investment Research cut 2U from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Robert W. Baird reaffirmed a “buy” rating on shares of 2U in a research report on Sunday, May 8th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of 2U in a research report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.22.

The company’s market cap is $1.51 billion. The stock’s 50-day moving average is $28.82 and its 200 day moving average is $24.69.

In other 2U news, Director Mark Chernis sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $29.35, for a total transaction of $132,075.00. Following the completion of the transaction, the director now owns 16,918 shares of the company’s stock, valued at approximately $496,543.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Larson sold 16,666 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $27.20, for a total value of $453,315.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of 2U by 104.5% in the fourth quarter. Wells Fargo & Company MN now owns 997,766 shares of the company’s stock valued at $27,917,000 after buying an additional 509,745 shares in the last quarter. Columbus Circle Investors raised its position in shares of 2U by 68.5% in the fourth quarter. Columbus Circle Investors now owns 830,966 shares of the company’s stock valued at $23,250,000 after buying an additional 337,947 shares in the last quarter. Brown Advisory Inc. raised its position in shares of 2U by 108.5% in the fourth quarter. Brown Advisory Inc. now owns 717,223 shares of the company’s stock valued at $20,068,000 after buying an additional 373,263 shares in the last quarter. Royce & Associates LLC raised its position in shares of 2U by 190.9% in the fourth quarter. Royce & Associates LLC now owns 292,348 shares of the company’s stock valued at $8,180,000 after buying an additional 191,848 shares in the last quarter. Finally, Turner Investments L.P. raised its position in shares of 2U by 15.6% in the fourth quarter. Turner Investments L.P. now owns 155,040 shares of the company’s stock valued at $4,338,000 after buying an additional 20,910 shares in the last quarter.

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 an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications.

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