Asset Management One Co. Ltd. Takes $5.70 Million Position in Stride, Inc. (NYSE:LRN)

Asset Management One Co. Ltd. purchased a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 54,293 shares of the company's stock, valued at approximately $5,696,000. Asset Management One Co. Ltd. owned 0.12% of Stride as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in shares of Stride by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock worth $99,851,000 after acquiring an additional 13,050 shares during the period. Geode Capital Management LLC increased its stake in shares of Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after acquiring an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock worth $79,326,000 after purchasing an additional 314,435 shares in the last quarter. Victory Capital Management Inc. lifted its position in Stride by 72.4% in the third quarter. Victory Capital Management Inc. now owns 827,505 shares of the company's stock valued at $70,594,000 after purchasing an additional 347,564 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in Stride by 0.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock valued at $64,286,000 after purchasing an additional 5,278 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Price Performance

Stride stock traded down $4.53 during trading hours on Friday, hitting $134.38. The stock had a trading volume of 696,899 shares, compared to its average volume of 903,578. Stride, Inc. has a 1-year low of $55.41 and a 1-year high of $145.00. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.06 and a beta of 0.32. The stock's fifty day moving average is $119.47 and its two-hundred day moving average is $98.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LRN. Citigroup increased their target price on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Canaccord Genuity Group increased their price objective on Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Barrington Research upped their price target on shares of Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $116.83.

Stride Profile

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.