US Bancorp DE Cuts Stake in Stride, Inc. (NYSE:LRN)

US Bancorp DE lessened its stake in Stride, Inc. (NYSE:LRN) by 37.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,612 shares of the company’s stock after selling 965 shares during the quarter. US Bancorp DE’s holdings in Stride were worth $138,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in Stride by 20.1% in the second quarter. William Blair Investment Management LLC now owns 2,122,102 shares of the company’s stock worth $149,608,000 after buying an additional 355,614 shares during the last quarter. Janus Henderson Group PLC lifted its position in Stride by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,154,995 shares of the company’s stock valued at $72,821,000 after acquiring an additional 30,854 shares in the last quarter. Swedbank AB bought a new position in Stride in the 1st quarter valued at approximately $60,385,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Stride during the 2nd quarter valued at $43,387,000. Finally, Congress Asset Management Co. bought a new stake in shares of Stride in the 3rd quarter worth $45,616,000. Institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Barrington Research lifted their price target on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group began coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and a consensus target price of $90.17.

Insider Activity at Stride

In other news, Director Todd Goldthwaite sold 8,028 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the transaction, the director now directly owns 85,058 shares in the company, valued at $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Stride Trading Up 0.7 %

Shares of Stride stock opened at $100.29 on Friday. Stride, Inc. has a 1-year low of $54.81 and a 1-year high of $103.98. The company’s fifty day simple moving average is $84.43 and its 200-day simple moving average is $76.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The stock has a market capitalization of $4.37 billion, a PE ratio of 18.23, a P/E/G ratio of 0.75 and a beta of 0.27.

Stride (NYSE:LRN) last released its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. The company had revenue of $551.08 million for the quarter, compared to the consensus estimate of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. Stride’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts anticipate that Stride, Inc. will post 6.66 earnings per share for the current 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.