Prudential Financial Inc. Has $7.36 Million Stock Position in Stride, Inc. (NYSE:LRN)

Prudential Financial Inc. grew its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 60.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,772 shares of the company's stock after buying an additional 26,743 shares during the period. Prudential Financial Inc. owned 0.16% of Stride worth $7,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC boosted its position in shares of Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after buying an additional 592 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Stride by 14.8% during the 4th 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. acquired a new position in Stride during the 4th quarter worth approximately $165,000. Finally, TD Private Client Wealth LLC grew its stake in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after purchasing an additional 426 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Down 2.5 %

Shares of NYSE LRN traded down $3.23 during mid-day trading on Thursday, hitting $127.99. 87,655 shares of the company traded hands, compared to its average volume of 822,697. The business has a 50 day moving average of $130.92 and a two-hundred day moving average of $108.64. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

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Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 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%. On average, sell-side analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Barrington Research reissued an "outperform" rating and issued a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group boosted their price target on 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 raised their price target on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.17.

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.