Zevenbergen Capital Investments LLC Lifted Its Holding in 2U INC (TWOU) by $4.41 Million

March 22, 2018 - By Adrian Erickson

Zevenbergen Capital Investments Llc increased its stake in 2U Inc. (TWOU) by 8.72% based on its latest 2017Q3 regulatory filing with the SEC. Zevenbergen Capital Investments Llc bought 78,730 shares as the company’s stock rose 16.87% with the market. The institutional investor held 982,015 shares of the technology company at the end of 2017Q3, valued at $55.03M, up from 903,285 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in 2U Inc. for a number of months, seems to be bullish on the $4.62B market cap company. The stock decreased 1.68% or $1.5 during the last trading session, reaching $87.61. About 165,315 shares traded. 2U, Inc. (NASDAQ:TWOU) has risen 55.92% since March 22, 2017 and is uptrending. It has outperformed by 39.22% the S&P500.

Zevenbergen Capital Investments Llc, which manages about $2.92 billion and $2.30 billion US Long portfolio, decreased its stake in Servicenow Inc. (NYSE:NOW) by 44,264 shares to 469,975 shares, valued at $55.24M in 2017Q3, according to the filing. It also reduced its holding in Priceline Group Inc. (NASDAQ:PCLN) by 27,547 shares in the quarter, leaving it with 8,666 shares, and cut its stake in Exact Sciences Corporation (NASDAQ:EXAS).

2U, Inc. (NASDAQ:TWOU) Ratings Coverage

Among 13 analysts covering 2U (NASDAQ:TWOU), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. 2U had 45 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of 2U, Inc. (NASDAQ:TWOU) earned “Outperform” rating by Oppenheimer on Tuesday, October 27. The stock of 2U, Inc. (NASDAQ:TWOU) has “Buy” rating given on Wednesday, November 8 by Barrington. The firm earned “Buy” rating on Friday, October 16 by Goldman Sachs. The rating was maintained by Barrington Research with “Outperform” on Friday, August 5. The stock has “Buy” rating by BMO Capital Markets on Monday, June 12. Needham maintained 2U, Inc. (NASDAQ:TWOU) rating on Friday, February 26. Needham has “Buy” rating and $31 target. On Wednesday, January 17 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, March 12. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, November 20. The company was maintained on Friday, October 6 by Robert W. Baird.

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