Stride, Inc. (NYSE:LRN) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its position in Stride, Inc. (NYSE:LRN) by 40.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,168 shares of the company’s stock after selling 794 shares during the quarter. TD Private Client Wealth LLC’s holdings in Stride were worth $121,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Stride in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC boosted its stake in Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock worth $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after buying an additional 199 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Stride in the fourth quarter worth about $165,000. Finally, Wolverine Asset Management LLC grew its stake in Stride by 11.3% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after acquiring an additional 183 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Stride Trading Up 1.4 %

Shares of LRN stock opened at $127.09 on Wednesday. The company has a 50-day moving average of $129.29 and a two-hundred day moving average of $106.80. The firm has a market cap of $5.53 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93.

Stride (NYSE:LRN) last announced its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, analysts predict that Stride, Inc. will post 6.67 EPS for the current 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.