Vanguard Group Inc. Increases Stock Holdings in Stride, Inc. (NYSE:LRN)

Vanguard Group Inc. grew its stake in shares of Stride, Inc. (NYSE:LRN - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,673,393 shares of the company's stock after buying an additional 69,888 shares during the period. Vanguard Group Inc. owned 10.73% of Stride worth $485,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Stride by 18.0% during the fourth 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. Wellington Management Group LLP boosted its position in Stride by 416.7% during the third quarter. Wellington Management Group LLP now owns 275,483 shares of the company's stock worth $23,501,000 after acquiring an additional 222,165 shares during the last quarter. WCM Investment Management LLC purchased a new stake in Stride in the 4th quarter worth approximately $20,850,000. Finally, Weiss Asset Management LP acquired a new position in Stride in the 3rd quarter valued at $13,465,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Stride Trading Down 3.8 %

LRN stock traded down $4.95 during trading on Friday, reaching $125.57. 1,105,886 shares of the stock traded hands, compared to its average volume of 829,379. The business's 50 day moving average price is $131.27 and its 200-day moving average price is $109.09. The firm has a market capitalization of $5.47 billion, a PE ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. 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, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00.

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 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, sell-side analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current year.

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.