Stride, Inc. (NYSE:LRN) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,198 shares of the company's stock after purchasing an additional 9,433 shares during the period. Congress Wealth Management LLC DE owned approximately 0.20% of Stride worth $8,855,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Stride during the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC boosted its holdings in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after acquiring an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Stride by 14.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock valued at $163,000 after acquiring an additional 199 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Stride during the fourth quarter worth $165,000. Finally, TD Private Client Wealth LLC lifted 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 purchasing an additional 426 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

Stride Stock Down 1.9 %

NYSE LRN traded down $2.40 during midday trading on Friday, hitting $126.16. 467,936 shares of the company traded hands, compared to its average volume of 827,523. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. The company's 50-day simple moving average is $130.15 and its 200-day simple moving average is $107.63. The company has a market cap of $5.49 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Remove Ads

Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates 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 research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LRN shares. Canaccord Genuity Group lifted their price objective 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 boosted their price target on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Barrington Research reaffirmed an "outperform" rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.