Farther Finance Advisors LLC Reduces Holdings in Stride, Inc. (NYSE:LRN)

Farther Finance Advisors LLC reduced its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 77.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 794 shares of the company's stock after selling 2,704 shares during the period. Farther Finance Advisors LLC's holdings in Stride were worth $83,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC raised its holdings in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock valued at $79,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Stride in the 4th quarter worth approximately $165,000. TD Private Client Wealth LLC boosted its stake in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock worth $167,000 after buying an additional 426 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company's stock worth $187,000 after buying an additional 183 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Stride Trading Up 1.4 %

Shares of LRN stock traded up $1.71 during mid-day trading on Tuesday, reaching $127.09. The stock had a trading volume of 691,261 shares, compared to its average volume of 798,771. The firm has a market capitalization of $5.53 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The stock's 50-day moving average price is $128.92 and its two-hundred day moving average price is $106.47. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. Stride, Inc. has a 52-week low of $56.17 and a 52-week 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 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%. Equities analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective 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. Barrington Research restated an "outperform" rating and set a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Morgan Stanley raised their price objective on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three investment 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $119.33.

Stride 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.