Stride, Inc. (NYSE:LRN) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Stride, Inc. (NYSE:LRN) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 520,363 shares of the company’s stock after acquiring an additional 1,542 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stride were worth $54,081,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its position in Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after purchasing an additional 93 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Stride by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stride by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock valued at $1,047,000 after purchasing an additional 100 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Stride by 3.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock valued at $336,000 after purchasing an additional 113 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Stride by 3.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Performance

LRN opened at $118.16 on Friday. Stride, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The stock has a market cap of $5.15 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The business’s 50 day moving average is $126.80 and its 200-day moving average is $104.05. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on LRN shares. Canaccord Genuity Group boosted their target price on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their target price on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Barrington Research increased their price target on Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $119.33.

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.