Triodos Investment Management BV Sells 2,000 Shares of Stride, Inc. (NYSE:LRN)

Triodos Investment Management BV cut its stake in shares of Stride, Inc. (NYSE:LRN) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,000 shares of the company’s stock after selling 2,000 shares during the period. Triodos Investment Management BV owned 0.07% of Stride worth $3,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Stride by 293.1% during the 4th quarter. Principal Financial Group Inc. now owns 866,182 shares of the company’s stock worth $90,024,000 after acquiring an additional 645,835 shares during the period. Norges Bank purchased a new position in shares of Stride during the 4th quarter valued at $45,306,000. William Blair Investment Management LLC increased its holdings in shares of Stride by 18.0% in the fourth quarter. William Blair Investment Management LLC now owns 2,467,019 shares of the company’s stock worth $256,397,000 after purchasing an additional 375,686 shares during the period. Wellington Management Group LLP raised its position in shares of Stride by 416.7% in the third quarter. Wellington Management Group LLP now owns 275,483 shares of the company’s stock worth $23,501,000 after buying an additional 222,165 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Stride in the fourth quarter worth $20,850,000. 98.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. 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, March 11th. Barrington Research restated an “outperform” rating and issued a $140.00 price objective on shares of Stride in a research report on Friday, March 14th. BMO Capital Markets raised their target price on shares of Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Morgan Stanley boosted their price target on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $119.33.

Stride Trading Up 1.8 %

NYSE LRN opened at $128.64 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of 21.48, 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 stock has a 50-day moving average of $129.90 and a 200-day moving average of $107.09. 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 announced 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 return on equity of 22.42% and a net margin of 12.30%. As a group, sell-side analysts forecast that Stride, Inc. will post 6.67 EPS for the current year.

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.