Wedbush Securities Inc. Invests $215,000 in Stride, Inc. (NYSE:LRN)

Wedbush Securities Inc. acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,068 shares of the company's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also modified their holdings of LRN. Vanguard Group Inc. boosted its position in shares of Stride by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,673,393 shares of the company's stock worth $485,706,000 after acquiring an additional 69,888 shares during the last quarter. William Blair Investment Management LLC raised its stake in Stride by 18.0% during the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company's stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Stride by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 970,395 shares of the company's stock valued at $100,877,000 after purchasing an additional 5,694 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after buying an additional 645,835 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of 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 buying an additional 332,098 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

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Stride Stock Down 0.8 %

NYSE LRN traded down $1.10 on Wednesday, reaching $136.51. The company had a trading volume of 198,390 shares, compared to its average volume of 813,635. 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 1 year low of $56.17 and a 1 year high of $145.00. The firm has a 50-day moving average of $131.16 and a 200-day moving average of $112.06. The firm has a market capitalization of $5.94 billion, a PE ratio of 22.79, a P/E/G ratio of 1.04 and a beta of 0.47.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share 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, equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on LRN shares. Barrington Research reiterated an "outperform" rating and issued a $140.00 target price on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets raised their price target on shares of Stride from $134.00 to $139.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $120.17.

About Stride

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.