Natixis Advisors LLC Sells 171,880 Shares of Stride, Inc. (NYSE:LRN)

Natixis Advisors LLC cut its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 94.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,030 shares of the company's stock after selling 171,880 shares during the quarter. Natixis Advisors LLC's holdings in Stride were worth $1,042,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd bought a new stake in Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC increased its stake in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company's stock valued at $163,000 after buying an additional 199 shares during the period. SBI Securities Co. Ltd. bought a new stake in Stride in the 4th quarter valued at $165,000. Finally, TD Private Client Wealth LLC raised its position in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after purchasing an additional 426 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Price Performance

LRN stock traded down $2.40 during trading on Friday, reaching $126.16. 467,936 shares of the company were exchanged, compared to its average volume of 827,523. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 21.06, a P/E/G 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. The company has a 50-day moving average of $130.15 and a two-hundred day moving average of $107.63. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last announced 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%. As a group, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LRN. Barrington Research restated an "outperform" rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group upped 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. Morgan Stanley boosted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their target price on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $119.33.

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.