Stride, Inc. (NYSE:LRN) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in shares of Stride, Inc. (NYSE:LRN) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,544 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Stride were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH boosted its position in shares of Stride by 12.3% during the 4th quarter. Erste Asset Management GmbH now owns 84,749 shares of the company’s stock worth $8,918,000 after acquiring an additional 9,263 shares in the last quarter. Swiss National Bank boosted its position in shares of Stride by 0.7% during the 4th quarter. Swiss National Bank now owns 80,800 shares of the company’s stock worth $8,398,000 after acquiring an additional 600 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Stride during the 4th quarter worth about $214,000. Great Lakes Advisors LLC boosted its position in shares of Stride by 8.0% during the 4th quarter. Great Lakes Advisors LLC now owns 5,687 shares of the company’s stock worth $591,000 after acquiring an additional 420 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Stride during the 4th quarter worth about $212,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Down 1.4 %

LRN opened at $120.21 on Wednesday. The business has a 50 day moving average price of $127.87 and a two-hundred day moving average price of $105.29. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.23 billion, a PE ratio of 20.07, a P/E/G ratio of 1.04 and a beta of 0.46. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00.

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

Wall Street Analysts Forecast Growth

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

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.