Stride, Inc. $LRN Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in shares of Stride, Inc. (NYSE:LRN) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,542,733 shares of the company’s stock after selling 43,689 shares during the period. Vanguard Group Inc. owned about 10.36% of Stride worth $676,595,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRN. Golden State Wealth Management LLC lifted its holdings in Stride by 37.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 275 shares of the company’s stock worth $40,000 after buying an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after acquiring an additional 85 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Stride by 3.1% during the second quarter. Quadrant Capital Group LLC now owns 3,173 shares of the company’s stock worth $461,000 after purchasing an additional 94 shares during the last quarter. Trail Ridge Investment Advisors LLC boosted its holdings in Stride by 1.8% in the third quarter. Trail Ridge Investment Advisors LLC now owns 5,454 shares of the company’s stock worth $812,000 after purchasing an additional 96 shares during the period. Finally, Campbell Newman Asset Management Inc. increased its stake in Stride by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 24,272 shares of the company’s stock valued at $3,615,000 after purchasing an additional 101 shares during the last quarter. 98.24% of the stock is owned by institutional investors.

Stride Stock Performance

Shares of NYSE LRN opened at $80.99 on Tuesday. Stride, Inc. has a 12-month low of $60.61 and a 12-month high of $171.17. The company has a market cap of $3.45 billion, a PE ratio of 12.33, a P/E/G ratio of 0.49 and a beta of 0.10. The stock has a 50 day simple moving average of $74.52 and a 200-day simple moving average of $104.30. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRN. Morgan Stanley reduced their price target on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. BMO Capital Markets reissued a “market perform” rating and issued a $94.00 target price on shares of Stride in a report on Wednesday, January 28th. Wall Street Zen downgraded Stride from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a report on Monday, December 29th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $125.00 price target on shares of Stride in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Stride presently has an average rating of “Hold” and a consensus price target of $109.75.

Stride Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.