abrdn plc Sells 76,474 Shares of Stride, Inc. (NYSE:LRN)

abrdn plc cut its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,058 shares of the company's stock after selling 76,474 shares during the period. abrdn plc owned about 0.49% of Stride worth $22,680,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LRN. R Squared Ltd bought a new stake in Stride in the fourth quarter valued at approximately $37,000. Mendota Financial Group LLC acquired a new position in shares of Stride in the 3rd quarter worth approximately $86,000. TD Private Client Wealth LLC boosted its stake in shares of Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company's stock valued at $167,000 after purchasing an additional 426 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Stride by 45.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock valued at $176,000 after purchasing an additional 643 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Stride by 68.5% during the fourth quarter. KBC Group NV now owns 1,891 shares of the company's stock worth $197,000 after buying an additional 769 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Stock Performance

NYSE:LRN opened at $140.81 on Tuesday. Stride, Inc. has a 1 year low of $54.81 and a 1 year 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 business has a fifty day simple moving average of $114.42 and a two-hundred day simple moving average of $95.47. The company has a market capitalization of $6.13 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.04 and a beta of 0.32.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on LRN shares. Morgan Stanley increased their price target on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. StockNews.com lowered shares of Stride from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. BMO Capital Markets lifted their price target on shares of Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of Stride from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup boosted their target price on Stride from $90.00 to $94.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stride presently has a consensus rating of "Moderate Buy" and an average target price of $116.83.

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.