Prudential Financial Inc. Has $7.36 Million Stock Position in Stride, Inc. (NYSE:LRN)

Prudential Financial Inc. increased its position in Stride, Inc. (NYSE:LRN) by 60.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,772 shares of the company’s stock after purchasing an additional 26,743 shares during the quarter. Prudential Financial Inc.’s holdings in Stride were worth $7,355,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Stride by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,821 shares of the company’s stock worth $44,261,000 after acquiring an additional 16,114 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Stride by 798.2% in the 3rd quarter. Townsquare Capital LLC now owns 27,044 shares of the company’s stock worth $2,307,000 after purchasing an additional 24,033 shares in the last quarter. Glenmede Trust Co. NA grew its position in Stride by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 25,990 shares of the company’s stock valued at $2,217,000 after purchasing an additional 910 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stride by 4.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,421 shares of the company’s stock valued at $1,145,000 after purchasing an additional 625 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Stride by 2.7% during the third quarter. Public Sector Pension Investment Board now owns 90,260 shares of the company’s stock worth $7,700,000 after buying an additional 2,400 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Stock Down 1.9 %

LRN stock opened at $126.16 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.04 and a beta of 0.46. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $130.15 and its two-hundred day simple moving average is $107.63. Stride, Inc. has a 1-year low of $56.17 and a 1-year high of $145.00.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of 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 increased their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Barrington Research reaffirmed an “outperform” rating and set a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Finally, BMO Capital Markets increased their price target on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

Stride 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.