Swiss National Bank Buys 600 Shares of Stride, Inc. (NYSE:LRN)

Swiss National Bank raised its stake in shares of Stride, Inc. (NYSE:LRN) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 80,800 shares of the company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned 0.19% of Stride worth $8,398,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LRN. Mutual of America Capital Management LLC boosted its stake in Stride by 1.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after buying an additional 93 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Stride by 0.8% in the fourth quarter. Arizona State Retirement System now owns 11,932 shares of the company’s stock worth $1,240,000 after buying an additional 99 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Stride by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Stride by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after purchasing an additional 100 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Stride by 3.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after purchasing an additional 113 shares during the period. Institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LRN. Canaccord Genuity Group raised their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Barrington Research restated an “outperform” rating and issued a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Finally, BMO Capital Markets lifted their price objective on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Price Performance

Shares of Stride stock opened at $121.97 on Friday. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The business has a 50-day moving average price of $128.61 and a 200 day moving average price of $105.80. The firm has a market cap of $5.31 billion, a PE ratio of 20.36, a P/E/G ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. Sell-side analysts predict that Stride, Inc. will post 6.67 earnings per share 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.