Vanguard Group Inc. Has $485.71 Million Position in Stride, Inc. (NYSE:LRN)

Vanguard Group Inc. raised its stake in Stride, Inc. (NYSE:LRN) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,673,393 shares of the company’s stock after acquiring an additional 69,888 shares during the period. Vanguard Group Inc. owned approximately 10.73% of Stride worth $485,706,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. William Blair Investment Management LLC lifted its holdings in shares of Stride by 18.0% during the 4th 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 during the period. Janus Henderson Group PLC grew its position in Stride by 1.1% in the third quarter. Janus Henderson Group PLC now owns 1,170,434 shares of the company’s stock valued at $99,851,000 after acquiring an additional 13,050 shares during the last quarter. Geode Capital Management LLC raised its stake in Stride by 3.8% during the third quarter. Geode Capital Management LLC now owns 964,701 shares of the company’s stock worth $82,315,000 after acquiring an additional 35,349 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Stride by 293.1% in the fourth quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after acquiring an additional 645,835 shares during the last quarter. Finally, Congress Asset Management Co. grew its holdings in shares of Stride by 8.2% during the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock valued at $60,128,000 after purchasing an additional 43,829 shares during the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of Stride stock opened at $129.13 on Wednesday. The company has a market cap of $5.62 billion, a P/E ratio of 21.56, a PEG ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $130.65 and a two-hundred day moving average price of $108.49. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts anticipate that Stride, Inc. will post 6.67 EPS for the current year.

Analysts Set New Price Targets

LRN has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $140.00 price objective on shares of Stride in a report on Friday, March 14th. Canaccord Genuity Group raised their price objective on shares of Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley upped their price target on shares of 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 lifted their price target on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.17.

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.