William Blair Investment Management LLC Has $256.40 Million Stock Position in Stride, Inc. (NYSE:LRN)

William Blair Investment Management LLC lifted its position in shares of Stride, Inc. (NYSE:LRN) by 18.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,467,019 shares of the company’s stock after buying an additional 375,686 shares during the quarter. William Blair Investment Management LLC owned about 0.06% of Stride worth $256,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LRN. Asset Management One Co. Ltd. bought a new stake in shares of Stride during the fourth quarter worth about $5,696,000. Congress Asset Management Co. lifted its stake in Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company’s stock valued at $60,128,000 after buying an additional 43,829 shares during the period. Aigen Investment Management LP acquired a new position in Stride in the fourth quarter valued at approximately $995,000. Truist Financial Corp acquired a new position in shares of Stride during the fourth quarter worth approximately $302,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company’s stock worth $20,250,000 after purchasing an additional 72,518 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Wall Street Analyst Weigh In

LRN has been the subject of a number of analyst reports. 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. Canaccord Genuity Group raised their target price 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 restated an “outperform” rating and issued a $140.00 target price on shares of Stride in a research note on Friday. Finally, Morgan Stanley raised their price target on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.33.

Stride Trading Up 2.1 %

Shares of NYSE:LRN opened at $120.93 on Monday. The company has a market cap of $5.27 billion, a P/E ratio of 20.19, a PEG ratio of 1.04 and a beta of 0.46. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The stock’s fifty day moving average price is $127.31 and its 200-day moving average price is $104.74.

Stride (NYSE:LRN) last issued 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%. Sell-side analysts expect that Stride, Inc. will post 6.67 earnings per share 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.