Stride, Inc. (NYSE:LRN) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. trimmed its position in Stride, Inc. (NYSE:LRN - Free Report) by 34.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,589 shares of the company's stock after selling 17,277 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.08% of Stride worth $3,491,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Stride by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company's stock worth $44,261,000 after purchasing an additional 16,114 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stride by 4.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company's stock worth $1,145,000 after purchasing an additional 625 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in Stride during the 3rd quarter valued at approximately $6,391,000. Atom Investors LP purchased a new position in Stride in the 3rd quarter valued at $1,274,000. Finally, Janus Henderson Group PLC increased its stake in Stride by 1.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company's stock valued at $99,851,000 after buying an additional 13,050 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Price Performance

Shares of NYSE:LRN traded down $4.95 during trading on Friday, hitting $125.57. 1,105,886 shares of the stock were exchanged, compared to its average volume of 830,795. The company has a market cap of $5.47 billion, a PE ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $131.27 and a two-hundred day moving average price of $109.28. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00.

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Stride (NYSE:LRN - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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%. On average, analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LRN. Morgan Stanley lifted their target price on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on Stride from $135.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Barrington Research reissued an "outperform" rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, BMO Capital Markets lifted their price target on Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.17.

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.