Stride, Inc. (NYSE:LRN) Stock Holdings Boosted by LPL Financial LLC

LPL Financial LLC grew its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 132.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,382 shares of the company's stock after acquiring an additional 67,971 shares during the period. LPL Financial LLC owned about 0.27% of Stride worth $15,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LRN. Larson Financial Group LLC increased its stake in Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company's stock worth $26,000 after buying an additional 160 shares during the period. First Horizon Advisors Inc. increased its position in shares of Stride by 140.5% during the first quarter. First Horizon Advisors Inc. now owns 267 shares of the company's stock worth $34,000 after acquiring an additional 156 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Stride in the fourth quarter valued at about $41,000. CIBC Private Wealth Group LLC grew its stake in Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after purchasing an additional 178 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Stride by 158.8% during the 1st quarter. Fifth Third Bancorp now owns 383 shares of the company's stock valued at $48,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analysts Forecast Growth

LRN has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Stride in a research report on Thursday, May 1st. Barrington Research reiterated an "outperform" rating and set a $170.00 price objective on shares of Stride in a research note on Thursday, July 24th. Morgan Stanley raised their price objective on shares of Stride from $148.00 to $159.00 and gave the stock an "equal weight" rating in a report on Wednesday. Canaccord Genuity Group upped their target price on shares of Stride from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, William Blair reiterated an "outperform" rating on shares of Stride in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Stride currently has a consensus rating of "Moderate Buy" and an average price target of $135.17.

Stride Stock Performance

Shares of Stride stock traded up $5.55 during trading hours on Friday, reaching $149.60. The company's stock had a trading volume of 991,078 shares, compared to its average volume of 783,323. Stride, Inc. has a one year low of $63.25 and a one year high of $162.30. The company's 50 day simple moving average is $138.69 and its 200 day simple moving average is $137.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.53 and a current ratio of 5.39. The stock has a market cap of $6.51 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 0.96 and a beta of 0.10.

Stride (NYSE:LRN - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. Stride had a net margin of 11.97% and a return on equity of 25.51%. The firm had revenue of $653.65 million for the quarter, compared to analysts' expectations of $626.23 million. During the same quarter last year, the company posted $1.42 earnings per share. Stride's revenue was up 22.4% on a year-over-year basis. As a group, analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal 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.