2,165 Shares in Stride, Inc. (NYSE:LRN) Bought by Defined Financial Planning LLC

Defined Financial Planning LLC bought a new position in Stride, Inc. (NYSE:LRN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,165 shares of the company's stock, valued at approximately $225,000.

Other large investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in Stride by 1.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company's stock valued at $675,000 after purchasing an additional 93 shares during the period. Arizona State Retirement System increased its holdings in Stride by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock worth $1,240,000 after buying an additional 99 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company's stock valued at $2,151,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company's stock worth $1,047,000 after buying an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Stride by 3.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock worth $336,000 after purchasing an additional 113 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Up 0.3 %

LRN traded up $0.41 during trading on Friday, reaching $135.87. The company had a trading volume of 523,289 shares, compared to its average volume of 834,619. The company has a market cap of $5.92 billion, a P/E ratio of 22.68, 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. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The business's fifty day moving average price is $130.92 and its 200 day moving average price is $112.57.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group boosted their price objective on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets boosted their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Barrington Research lifted their target price on shares of Stride from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Stride presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.83.

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.