JPMorgan Chase & Co. trimmed its position in Stride, Inc. (NYSE:LRN - Free Report) by 91.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 465,210 shares of the company's stock after selling 5,248,690 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.07% of Stride worth $48,349,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Montanaro Asset Management Ltd raised its holdings in Stride by 18.4% in the 4th quarter. Montanaro Asset Management Ltd now owns 183,500 shares of the company's stock valued at $19,071,000 after acquiring an additional 28,500 shares during the period. Prudential Financial Inc. raised its holdings in Stride by 60.7% in the 4th quarter. Prudential Financial Inc. now owns 70,772 shares of the company's stock valued at $7,355,000 after acquiring an additional 26,743 shares during the period. Congress Wealth Management LLC DE raised its holdings in Stride by 12.5% in the 4th quarter. Congress Wealth Management LLC DE now owns 85,198 shares of the company's stock valued at $8,855,000 after acquiring an additional 9,433 shares during the period. Vanguard Group Inc. raised its holdings in Stride by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock valued at $485,706,000 after acquiring an additional 69,888 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Stride in the 4th quarter valued at about $657,000. 98.24% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Barrington Research reissued an "outperform" rating and issued a $140.00 price target on shares of Stride in a report on Friday, March 14th. BMO Capital Markets increased their target price on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, Canaccord Genuity Group increased 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $120.17.
Read Our Latest Analysis on LRN
Stride Price Performance
Shares of NYSE LRN traded up $0.17 during trading hours on Thursday, hitting $133.87. 59,041 shares of the stock were exchanged, compared to its average volume of 833,055. 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 company has a market cap of $5.83 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.04 and a beta of 0.47. The company's fifty day simple moving average is $131.38 and its two-hundred day simple moving average is $110.65. 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 issued its earnings results 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 net margin of 12.30% and a return on equity of 22.42%. On average, sell-side analysts predict that Stride, Inc. will post 6.67 EPS for the current year.
About Stride
(
Free Report)
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.
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