William Blair Investment Management LLC Grows Stock Holdings in Stride, Inc. (NYSE:LRN)

William Blair Investment Management LLC boosted its holdings in shares of Stride, Inc. (NYSE:LRN - Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,467,019 shares of the company's stock after buying an additional 375,686 shares during the period. William Blair Investment Management LLC owned approximately 5.66% of Stride worth $256,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in shares of Stride by 293.1% in the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company's stock valued at $90,024,000 after purchasing an additional 645,835 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Stride by 51.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 929,855 shares of the company's stock worth $79,326,000 after buying an additional 314,435 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Stride in the 3rd quarter valued at $21,044,000. Wellington Management Group LLP increased its holdings in shares of Stride by 416.7% in the third quarter. Wellington Management Group LLP now owns 275,483 shares of the company's stock valued at $23,501,000 after purchasing an additional 222,165 shares during the period. Finally, WCM Investment Management LLC acquired a new position in shares of Stride in the fourth quarter valued at about $20,850,000. 98.24% of the stock is owned by institutional investors and hedge funds.

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Stride Price Performance

Stride stock traded down $0.81 during trading on Friday, reaching $121.97. The company had a trading volume of 1,030,344 shares, compared to its average volume of 799,514. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. The firm's 50-day simple moving average is $128.40 and its 200 day simple moving average is $105.53. The firm has a market capitalization of $5.31 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LRN. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Barrington Research restated an "outperform" rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Morgan Stanley lifted their price target on Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on Stride from $122.00 to $134.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.33.

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.