Stride, Inc. $LRN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Stride, Inc. (NYSE:LRN) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,542,733 shares of the company’s stock after selling 43,689 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Stride worth $676,595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Stride in the second quarter valued at $25,000. Financial Management Professionals Inc. bought a new stake in Stride in the third quarter worth about $26,000. Penserra Capital Management LLC acquired a new stake in Stride in the 2nd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Stride by 78.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock worth $28,000 after purchasing an additional 85 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Stride in the 2nd quarter worth approximately $30,000. Institutional investors own 98.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LRN. Morgan Stanley reduced their target price on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Barrington Research reissued an “outperform” rating and set a $125.00 price objective on shares of Stride in a research note on Wednesday, January 28th. Zacks Research cut Stride from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Stride in a research report on Wednesday, January 28th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $94.00 price target on shares of Stride in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.75.

Stride Stock Performance

Shares of LRN stock opened at $80.99 on Tuesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.49 and a beta of 0.10. Stride, Inc. has a 1-year low of $60.61 and a 1-year high of $171.17. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $74.52 and its 200-day simple moving average is $104.30.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.