Stride, Inc. (NYSE:LRN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 970,395 shares of the company's stock after purchasing an additional 5,694 shares during the quarter. Geode Capital Management LLC owned approximately 2.23% of Stride worth $100,877,000 at the end of the most recent quarter.

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

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Wall Street Analyst Weigh In

LRN has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Finally, BMO Capital Markets upped their target price on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

Stride Stock Performance

Stride stock traded up $3.08 during trading hours on Tuesday, reaching $137.87. 119,458 shares of the stock were exchanged, compared to its average volume of 834,910. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The stock has a market cap of $6.00 billion, a P/E ratio of 23.01, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm's 50 day moving average is $131.19 and its 200 day moving average is $111.88.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping 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%. Analysts predict 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.