Stride, Inc. (NYSE:LRN) Holdings Raised by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Stride, Inc. (NYSE:LRN) by 120.6% during the fourth quarter, HoldingsChannel reports. The firm owned 607,581 shares of the company’s stock after acquiring an additional 332,098 shares during the period. Wellington Management Group LLP’s holdings in Stride were worth $63,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted 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 buying an additional 645,835 shares during the period. Norges Bank acquired a new position in Stride in the 4th quarter worth approximately $45,306,000. Arrowstreet Capital Limited Partnership grew its position in Stride by 783.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 453,139 shares of the company’s stock worth $47,095,000 after purchasing an additional 401,838 shares in the last quarter. William Blair Investment Management LLC raised its stake in Stride by 18.0% during the 4th quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock valued at $256,397,000 after purchasing an additional 375,686 shares during the period. Finally, WCM Investment Management LLC purchased a new stake in shares of Stride in the fourth quarter valued at $20,850,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Stock Down 3.8 %

Shares of Stride stock opened at $125.57 on Friday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.04 and a beta of 0.46. The stock has a 50-day simple moving average of $131.27 and a 200-day simple moving average of $109.09. Stride, Inc. has a 52-week low of $56.17 and a 52-week high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, equities research analysts expect that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their price target on shares of Stride from $134.00 to $139.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barrington Research reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. Finally, Morgan Stanley upped their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.