Exchange Traded Concepts LLC Has $2.38 Million Holdings in Stride, Inc. (NYSE:LRN)

Exchange Traded Concepts LLC raised its stake in Stride, Inc. (NYSE:LRN) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,867 shares of the company’s stock after buying an additional 947 shares during the quarter. Exchange Traded Concepts LLC owned 0.05% of Stride worth $2,377,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LRN. Sei Investments Co. increased its stake in Stride by 0.6% in the 2nd quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock valued at $2,834,000 after buying an additional 242 shares during the period. Marshall Wace LLP acquired a new position in Stride in the 2nd quarter valued at approximately $230,000. The Manufacturers Life Insurance Company increased its stake in Stride by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company’s stock valued at $1,681,000 after buying an additional 822 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Stride in the 2nd quarter valued at approximately $374,000. Finally, Sanctuary Advisors LLC acquired a new position in Stride in the 2nd quarter valued at approximately $534,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $119.43 on Monday. The company has a current ratio of 5.60, a quick ratio of 5.50 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $108.10 and a 200 day simple moving average of $90.56. The company has a market cap of $5.21 billion, a P/E ratio of 21.71, a P/E/G ratio of 0.88 and a beta of 0.32. Stride, Inc. has a 1 year low of $54.81 and a 1 year high of $120.60.

Analysts Set New Price Targets

Several research firms have weighed in on LRN. Canaccord Genuity Group upped their price objective on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. BMO Capital Markets boosted their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Barrington Research boosted their target price on shares of Stride from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Stride presently has an average rating of “Moderate Buy” and an average target price of $102.50.

About Stride

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.