Stride, Inc. (NYSE:LRN) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lessened its position in shares of Stride, Inc. (NYSE:LRN) by 34.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,589 shares of the company’s stock after selling 17,277 shares during the quarter. Edmond DE Rothschild Holding S.A. owned about 0.08% of Stride worth $3,491,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after purchasing an additional 93 shares during the period. Arizona State Retirement System increased its position in shares of Stride by 0.8% during the 4th quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock valued at $2,151,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Stride by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after buying an additional 100 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Stride by 3.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after buying an additional 113 shares during the period. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Up 0.1 %

Shares of NYSE LRN opened at $126.36 on Tuesday. The stock has a market cap of $5.50 billion, a P/E ratio of 21.09, a PEG ratio of 1.04 and a beta of 0.46. The business’s fifty day simple moving average is $130.40 and its 200-day simple moving average is $108.16. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LRN has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley upped their price target on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Barrington Research reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research note on Friday, March 14th. Finally, BMO Capital Markets increased their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.33.

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.