Wealthfront Advisers LLC Makes New $480,000 Investment in Stride, Inc. (NYSE:LRN)

Wealthfront Advisers LLC acquired a new position in shares of Stride, Inc. (NYSE:LRNFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,781 shares of the company’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRN. R Squared Ltd purchased a new position in shares of Stride during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after buying an additional 592 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Stride during the fourth quarter worth about $165,000. TD Private Client Wealth LLC grew its holdings in shares of Stride by 27.7% during the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after buying an additional 426 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of Stride by 11.3% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock worth $187,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Price Performance

LRN stock opened at $120.93 on Monday. The firm has a 50 day moving average of $127.31 and a 200-day moving average of $104.74. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRNGet Free Report) last issued 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%. As a group, equities analysts expect that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on LRN

Stride Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding LRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stride, Inc. (NYSE:LRNFree Report).

Institutional Ownership by Quarter for Stride (NYSE:LRN)

Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter.