Legal & General Group Plc Sells 534 Shares of Stride, Inc. (NYSE:LRN)

Legal & General Group Plc cut its stake in shares of Stride, Inc. (NYSE:LRN) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 120,049 shares of the company’s stock after selling 534 shares during the period. Legal & General Group Plc’s holdings in Stride were worth $12,477,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. acquired a new position in Stride during the 4th quarter worth approximately $5,696,000. Congress Asset Management Co. lifted its holdings in shares of Stride by 8.2% in the 4th quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock worth $60,128,000 after purchasing an additional 43,829 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Stride in the 4th quarter valued at $995,000. Truist Financial Corp bought a new stake in Stride during the 4th quarter valued at $302,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Stride by 61.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock valued at $20,250,000 after buying an additional 72,518 shares in the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on LRN. Canaccord Genuity Group upped their target price on shares of Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. BMO Capital Markets lifted their target price on Stride from $134.00 to $139.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $140.00 price target on shares of Stride in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Stride currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.17.

Stride Price Performance

LRN opened at $135.67 on Thursday. The firm has a market cap of $5.91 billion, a P/E ratio of 22.65, a PEG ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02. Stride, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $145.00. The firm has a 50-day moving average of $131.02 and a 200 day moving average of $112.22.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping 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, research analysts expect that Stride, Inc. will post 6.67 EPS for the current year.

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.