Stride, Inc. (NYSE:LRN) Stock Holdings Lifted by Swiss National Bank

Swiss National Bank lifted its position in Stride, Inc. (NYSE:LRN) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,500 shares of the company’s stock after acquiring an additional 3,700 shares during the period. Swiss National Bank owned about 0.19% of Stride worth $10,689,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of Stride by 333.3% in the first quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 160 shares in the last quarter. First Horizon Advisors Inc. increased 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 in the last quarter. Harbour Investments Inc. increased its position in shares of Stride by 374.6% in the first quarter. Harbour Investments Inc. now owns 337 shares of the company’s stock worth $43,000 after acquiring an additional 266 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Stride by 158.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the company’s stock worth $48,000 after acquiring an additional 235 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Stride in the fourth quarter worth approximately $41,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Stride Stock Up 2.2%

Stride stock opened at $160.47 on Friday. The firm has a market cap of $7.00 billion, a PE ratio of 26.66, a P/E/G ratio of 0.92 and a beta of 0.10. 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 firm’s 50 day moving average price is $139.62 and its two-hundred day moving average price is $138.96. Stride, Inc. has a twelve month low of $63.25 and a twelve month high of $162.30.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, August 5th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.83 by $0.46. The company had revenue of $653.65 million during the quarter, compared to the consensus estimate of $626.23 million. Stride had a net margin of 11.97% and a return on equity of 25.51%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share. On average, research analysts predict that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on LRN shares. Wall Street Zen raised shares of Stride from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Barrington Research reissued an “outperform” rating and issued a $170.00 target price on shares of Stride in a research report on Thursday, July 24th. Canaccord Genuity Group boosted their price objective on shares of Stride from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Morgan Stanley upped their price objective on shares of Stride from $148.00 to $159.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, William Blair reiterated an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.40.

Stride 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.