Stride, Inc. (NYSE:LRN) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 178.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,901 shares of the company's stock after purchasing an additional 21,724 shares during the period. Quantbot Technologies LP owned about 0.08% of Stride worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. William Blair Investment Management LLC lifted its holdings in shares of Stride by 18.0% in the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock valued at $256,397,000 after buying an additional 375,686 shares during the period. Janus Henderson Group PLC raised its position in Stride by 1.1% during the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock valued at $99,851,000 after acquiring an additional 13,050 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Stride by 3.8% in the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock valued at $82,315,000 after acquiring an additional 35,349 shares during the period. Principal Financial Group Inc. lifted its holdings in Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after acquiring an additional 645,835 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Stride by 0.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock worth $64,286,000 after purchasing an additional 5,278 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms recently issued reports on LRN. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. BMO Capital Markets upped their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Barrington Research restated an "outperform" rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus target price of $119.33.

Stride Price Performance

Shares of LRN traded down $0.53 during mid-day trading on Wednesday, hitting $126.60. 682,850 shares of the company were exchanged, compared to its average volume of 799,154. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth 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 50 day moving average of $129.29 and a 200-day moving average of $106.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

Stride (NYSE:LRN - Get Free Report) last issued its quarterly 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 return on equity of 22.42% and a net margin of 12.30%. Analysts expect 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.