Rockefeller Capital Management L.P. Sells 199,511 Shares of Stride, Inc. (NYSE:LRN)

Rockefeller Capital Management L.P. lessened its stake in Stride, Inc. (NYSE:LRN - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 554,217 shares of the company's stock after selling 199,511 shares during the period. Rockefeller Capital Management L.P. owned about 1.27% of Stride worth $57,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LRN. R Squared Ltd bought a new stake in Stride in the 4th quarter valued at about $37,000. CIBC Private Wealth Group LLC increased its holdings in shares of Stride by 85.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares in the last quarter. Covestor Ltd raised its position in shares of Stride by 51.6% during the fourth quarter. Covestor Ltd now owns 632 shares of the company's stock worth $66,000 after purchasing an additional 215 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Stride during the fourth quarter worth approximately $77,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Stride by 372.3% in 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 in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Price Performance

Shares of Stride stock traded up $0.41 during trading on Friday, hitting $135.87. 523,289 shares of the stock traded hands, compared to its average volume of 834,619. The firm's fifty day moving average is $130.92 and its 200-day moving average is $112.57. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.04 and a beta of 0.47. Stride, Inc. has a 52 week low of $56.17 and a 52 week 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.

Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Research analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on LRN shares. Canaccord Genuity Group boosted their price objective on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Barrington Research upped their price target on Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, BMO Capital Markets increased their price target on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Stride presently has an average rating of "Moderate Buy" and a consensus target price of $121.83.

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.