Congress Wealth Management LLC DE Raises Stake in Stride, Inc. (NYSE:LRN)

Congress Wealth Management LLC DE increased its position in Stride, Inc. (NYSE:LRN) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,198 shares of the company’s stock after buying an additional 9,433 shares during the period. Congress Wealth Management LLC DE’s holdings in Stride were worth $8,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Stride in the 4th quarter valued at $37,000. Smartleaf Asset Management LLC increased its stake in Stride by 372.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the company’s stock valued at $79,000 after purchasing an additional 592 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Stride by 14.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,544 shares of the company’s stock valued at $163,000 after purchasing an additional 199 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Stride in the 4th quarter worth about $165,000. Finally, TD Private Client Wealth LLC grew its holdings in Stride by 27.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock valued at $167,000 after buying an additional 426 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Up 2.8 %

Shares of Stride stock opened at $125.43 on Tuesday. The company has a fifty day moving average price of $128.92 and a 200 day moving average price of $106.47. 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, Inc. has a twelve month low of $56.17 and a twelve month high of $145.00. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

Stride (NYSE:LRN) last posted its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LRN. Morgan Stanley increased their price objective on shares of Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group upped their price objective on Stride from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Stride in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.