Amundi Sells 34,948 Shares of Stride, Inc. (NYSE:LRN)

Amundi reduced its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,947 shares of the company's stock after selling 34,948 shares during the period. Amundi owned about 0.05% of Stride worth $2,393,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings 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 purchasing an additional 13,050 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Stride by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 964,701 shares of the company's stock worth $82,315,000 after buying an additional 35,349 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Stride by 51.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock valued at $79,326,000 after buying an additional 314,435 shares in the last quarter. Principal Financial Group Inc. grew its position 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. raised its stake in Stride by 0.7% during the third quarter. Rockefeller Capital Management L.P. now owns 753,728 shares of the company's stock worth $64,286,000 after acquiring an additional 5,278 shares in the last quarter. Institutional investors own 98.24% of the company's stock.

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Wall Street Analysts Forecast Growth

LRN has been the topic of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. BMO Capital Markets boosted their price target on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stride has a consensus rating of "Moderate Buy" and a consensus target price of $119.33.

Stride Price Performance

Shares of LRN stock traded up $1.58 during trading hours on Thursday, reaching $122.95. 802,147 shares of the company were exchanged, compared to its average volume of 798,559. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. 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 stock's fifty day moving average is $128.12 and its two-hundred day moving average is $105.40. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 22.42% and a net margin of 12.30%. Sell-side analysts forecast that Stride, Inc. will post 6.67 earnings per share 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.