LPL Financial LLC Sells 17,224 Shares of Stride, Inc. (NYSE:LRN)

LPL Financial LLC decreased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,411 shares of the company's stock after selling 17,224 shares during the period. LPL Financial LLC owned 0.12% of Stride worth $5,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its position 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 boosted its stake in shares of Stride by 0.8% in the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company's stock valued at $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 buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Stride by 1.0% during 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 fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company's stock valued at $336,000 after buying an additional 113 shares during the period. 98.24% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group increased their price objective 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. Finally, BMO Capital Markets boosted their target price on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.17.

Stride Stock Up 0.6 %

LRN stock traded up $0.82 during mid-day trading on Friday, reaching $134.56. 811,811 shares of the company traded hands, compared to its average volume of 839,119. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The firm's 50 day moving average price is $131.26 and its 200 day moving average price is $111.52. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 1.04 and a beta of 0.47. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Stride Company 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.