TD Private Client Wealth LLC Cuts Stock Position in Stride, Inc. (NYSE:LRN)

TD Private Client Wealth LLC decreased its position in shares of Stride, Inc. (NYSE:LRN) by 40.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,168 shares of the company’s stock after selling 794 shares during the period. TD Private Client Wealth LLC’s holdings in Stride were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted 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 worth $90,024,000 after purchasing an additional 645,835 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after acquiring an additional 375,686 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Stride during the third quarter worth about $21,044,000. Wellington Management Group LLP grew its stake in shares of 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. Finally, WCM Investment Management LLC purchased a new position in shares of Stride in the 4th quarter valued at approximately $20,850,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LRN. BMO Capital Markets upped 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 raised their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Morgan Stanley boosted their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Barrington Research restated an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Price Performance

Shares of NYSE LRN opened at $127.09 on Wednesday. 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 firm’s 50 day simple moving average is $129.29 and its 200-day simple moving average is $106.80. Stride, Inc. has a 12 month low of $56.17 and a 12 month high of $145.00. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share 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%. Analysts expect that Stride, Inc. will post 6.67 EPS 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.