Stride, Inc. (NYSE:LRN) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Stride, Inc. (NYSE:LRN - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,980,932 shares of the company's stock after selling 464,346 shares during the period. Dimensional Fund Advisors LP owned approximately 4.55% of Stride worth $205,883,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Norges Bank purchased a new position in shares of Stride during the fourth quarter worth $45,306,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Stride by 783.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company's stock valued at $47,095,000 after buying an additional 401,838 shares in the last quarter. William Blair Investment Management LLC raised 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. Finally, Wellington Management Group LLP lifted its stake in Stride by 120.6% during the 4th quarter. Wellington Management Group LLP now owns 607,581 shares of the company's stock worth $63,146,000 after acquiring an additional 332,098 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LRN. Barrington Research upped their target price on shares of Stride from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. BMO Capital Markets raised their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.83.

Stride Stock Performance

Shares of Stride stock opened at $137.86 on Wednesday. The firm's fifty day simple moving average is $130.68 and its 200-day simple moving average is $113.89. Stride, Inc. has a 12 month low of $58.01 and a 12 month high of $145.00. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, beating analysts' consensus estimates 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 forecast that Stride, Inc. will post 6.67 earnings per share for the current 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.

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