Banco Santander S.A. Cuts Stock Position in Stride, Inc. (NYSE:LRN)

Banco Santander S.A. decreased its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 41.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,594 shares of the company's stock after selling 9,771 shares during the quarter. Banco Santander S.A.'s holdings in Stride were worth $1,413,000 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 bought a new stake in Stride during the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC raised its stake in shares of Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after acquiring an additional 592 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Stride during the fourth quarter worth approximately $165,000. Wolverine Asset Management LLC grew its stake in shares of Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock valued at $187,000 after purchasing an additional 183 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Stride by 11,953.3% in the fourth quarter. Assetmark Inc. now owns 1,808 shares of the company's stock valued at $188,000 after purchasing an additional 1,793 shares in the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Down 1.6 %

NYSE LRN traded down $1.87 during trading hours on Thursday, hitting $118.16. 455,188 shares of the company traded hands, compared to its average volume of 803,595. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The business's 50-day moving average is $126.80 and its 200-day moving average is $104.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

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Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LRN shares. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday. BMO Capital Markets raised their price objective on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Morgan Stanley boosted their target price on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, Barrington Research upped their target price 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. Three investment 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.33.

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.