Vontobel Holding Ltd. acquired a new stake in Stride, Inc. (NYSE:LRN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,046 shares of the company's stock, valued at approximately $297,000.
Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC acquired a new stake in Stride in the first quarter valued at approximately $792,000. DAVENPORT & Co LLC acquired a new stake in Stride in the first quarter valued at approximately $461,000. Swedbank AB grew its holdings in Stride by 5.4% in the first quarter. Swedbank AB now owns 1,009,726 shares of the company's stock valued at $127,730,000 after purchasing an additional 52,000 shares during the period. United Services Automobile Association acquired a new stake in Stride in the first quarter valued at approximately $326,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in Stride in the first quarter valued at approximately $273,000. 98.24% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Stride news, CEO James Jeaho Rhyu sold 13,961 shares of Stride stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total value of $2,270,896.26. Following the sale, the chief executive officer owned 706,353 shares in the company, valued at $114,895,378.98. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
Stride Stock Performance
Shares of Stride stock opened at $146.39 on Thursday. Stride, Inc. has a one year low of $63.25 and a one year high of $171.17. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.83 and a beta of 0.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.27 and a current ratio of 5.39. The business's 50 day moving average price is $153.26 and its 200 day moving average price is $145.20.
Stride (NYSE:LRN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.46. Stride had a return on equity of 25.51% and a net margin of 11.97%.The firm had revenue of $653.65 million for the quarter, compared to the consensus estimate of $626.23 million. During the same quarter last year, the business posted $1.42 earnings per share. The firm's revenue was up 22.4% compared to the same quarter last year. On average, research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have commented on LRN shares. Wall Street Zen downgraded Stride from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Morgan Stanley raised 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. Barrington Research restated an "outperform" rating and issued a $185.00 target price on shares of Stride in a research report on Tuesday, September 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Stride in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stride has an average rating of "Moderate Buy" and an average target price of $146.40.
Check Out Our Latest Stock Report on Stride
Stride Company Profile
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Free Report)
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.
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