27,608 Shares in Stride, Inc. (NYSE:LRN) Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,608 shares of the company's stock, valued at approximately $2,869,000. B. Metzler seel. Sohn & Co. AG owned about 0.06% of Stride as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LRN. R Squared Ltd acquired a new position in Stride during the 4th quarter valued at about $37,000. CIBC Private Wealth Group LLC boosted its holdings in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock worth $42,000 after acquiring an additional 178 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Stride in the fourth quarter valued at about $77,000. Smartleaf Asset Management LLC lifted its position in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after purchasing an additional 592 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. purchased a new position in Stride during the fourth quarter worth about $158,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Barrington Research restated an "outperform" rating and set a $140.00 price target on shares of Stride in a research note on Friday, March 14th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $120.17.

Stride Price Performance

Shares of NYSE:LRN traded down $4.95 on Friday, hitting $125.57. The company's stock had a trading volume of 1,105,886 shares, compared to its average volume of 830,795. The company has a market capitalization of $5.47 billion, a PE ratio of 20.96, a PEG ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The company has a 50-day simple moving average of $131.27 and a 200 day simple moving average of $109.28. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. Sell-side analysts forecast 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.