Westover Capital Advisors LLC Boosts Position in Stride, Inc. (NYSE:LRN)

Westover Capital Advisors LLC boosted its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,705 shares of the company's stock after buying an additional 1,930 shares during the quarter. Westover Capital Advisors LLC's holdings in Stride were worth $801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Stride in the fourth quarter worth approximately $37,000. Smartleaf Asset Management LLC lifted 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 during the period. SBI Securities Co. Ltd. purchased a new position in shares of Stride in the 4th quarter worth $165,000. TD Private Client Wealth LLC grew its holdings in shares of 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 acquiring an additional 426 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in shares of 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 acquiring an additional 183 shares during the period. Institutional investors own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LRN shares. Barrington Research raised their target price on Stride from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Canaccord Genuity Group boosted their target price on shares of Stride from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.83.

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Stride Trading Down 7.4 %

NYSE LRN traded down $9.80 during trading hours on Friday, hitting $123.36. 2,486,825 shares of the company were exchanged, compared to its average volume of 904,572. The stock has a market cap of $5.37 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. The stock has a 50-day moving average price of $125.50 and a 200 day moving average price of $102.79. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN - Get Free Report) last released its quarterly 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 return on equity of 22.42% and a net margin of 12.30%. Analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

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.