435,925 Shares in Stride, Inc. (NYSE:LRN) Bought by Norges Bank

Norges Bank bought a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 435,925 shares of the company's stock, valued at approximately $45,306,000. Norges Bank owned 1.00% of Stride at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Stride in the fourth quarter worth approximately $37,000. Smartleaf Asset Management LLC lifted its position in shares of Stride by 372.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock worth $163,000 after purchasing an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Stride in the 4th quarter valued at $165,000. Finally, TD Private Client Wealth LLC increased its position in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after buying an additional 426 shares during the period. Institutional investors own 98.24% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LRN. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. BMO Capital Markets upped their target price on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Barrington Research reaffirmed an "outperform" rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.17.

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Stride Stock Up 7.3 %

Stride stock traded up $9.08 during midday trading on Wednesday, reaching $133.53. The stock had a trading volume of 1,189,157 shares, compared to its average volume of 836,041. The company has a fifty day moving average price of $131.38 and a two-hundred day moving average price of $110.65. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.81 billion, a P/E ratio of 22.29, a PEG ratio of 1.04 and a beta of 0.47.

Stride (NYSE:LRN - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.