Deutsche Bank AG Has $58.19 Million Stake in Stride, Inc. (NYSE:LRN)

Deutsche Bank AG increased its stake in Stride, Inc. (NYSE:LRN - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,865 shares of the company's stock after purchasing an additional 12,548 shares during the quarter. Deutsche Bank AG owned approximately 1.29% of Stride worth $58,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Corton Capital Inc. purchased a new position in Stride in the 4th quarter worth about $201,000. Crestline Management LP purchased a new position in Stride in the 4th quarter worth about $307,000. Cubist Systematic Strategies LLC lifted its stake in Stride by 97.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 232,973 shares of the company's stock worth $24,213,000 after acquiring an additional 114,788 shares in the last quarter. Bosun Asset Management LLC lifted its stake in Stride by 1.4% in the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company's stock worth $862,000 after acquiring an additional 111 shares in the last quarter. Finally, Brevan Howard Capital Management LP lifted its stake in Stride by 175.7% in the 4th quarter. Brevan Howard Capital Management LP now owns 16,906 shares of the company's stock worth $1,757,000 after acquiring an additional 10,773 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LRN shares. BMO Capital Markets reissued an "outperform" rating on shares of Stride in a research note on Thursday, May 1st. William Blair reissued an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Barrington Research increased their price objective on Stride from $150.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group increased their price objective on Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $126.83.

Stride Stock Up 0.5%

Shares of LRN traded up $0.84 during midday trading on Friday, reaching $154.62. 724,296 shares of the stock were exchanged, compared to its average volume of 841,442. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The firm has a 50 day simple moving average of $136.37 and a 200-day simple moving average of $123.28. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.04 and a beta of 0.36.

Stride (NYSE:LRN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07). Stride had a return on equity of 22.42% and a net margin of 12.30%. The firm had revenue of $613.38 million for the quarter, compared to analysts' expectations of $591.15 million. During the same period last year, the business earned $1.60 earnings per share. The firm's revenue for the quarter was up 17.8% on a year-over-year basis. Research analysts forecast 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.