Stride, Inc. (NYSE:LRN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in Stride, Inc. (NYSE:LRN - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,587,476 shares of the company's stock after selling 85,917 shares during the quarter. Vanguard Group Inc. owned 10.54% of Stride worth $580,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company's stock valued at $26,000 after purchasing an additional 160 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Stride by 140.5% in 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 approximately $41,000. Harbour Investments Inc. grew its position in shares of Stride by 374.6% during the first quarter. Harbour Investments Inc. now owns 337 shares of the company's stock worth $43,000 after buying an additional 266 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company's stock worth $48,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 98.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LRN. Barrington Research reiterated an "outperform" rating and issued a $170.00 target price on shares of Stride in a report on Thursday, July 24th. William Blair reissued an "outperform" rating on shares of Stride in a report on Wednesday, April 30th. Wall Street Zen raised Stride from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Morgan Stanley upped their target price on Stride from $148.00 to $159.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Stride in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Stride has a consensus rating of "Moderate Buy" and a consensus target price of $143.40.

Stride Stock Performance

Shares of NYSE:LRN traded up $3.39 during midday trading on Friday, hitting $160.47. The company had a trading volume of 548,394 shares, compared to its average volume of 765,831. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.39 and a quick ratio of 5.27. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 0.92 and a beta of 0.10. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a fifty day moving average of $139.62 and a two-hundred day moving average of $138.96.

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

About Stride

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.