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

William Blair Investment Management LLC raised its holdings in Stride, Inc. (NYSE:LRN) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,467,019 shares of the company’s stock after acquiring an additional 375,686 shares during the period. William Blair Investment Management LLC owned about 5.66% of Stride worth $256,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Stride in the fourth quarter valued at about $37,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Stride in the fourth quarter valued at about $165,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Stride by 11.3% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the company’s stock valued at $187,000 after purchasing an additional 183 shares in the last quarter. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Price Performance

Shares of NYSE LRN opened at $120.93 on Monday. The business’s 50 day moving average price is $127.31 and its two-hundred day moving average price is $104.74. The company has a market cap of $5.27 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46. The company has a quick ratio of 5.93, a current ratio of 6.02 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.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping 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%. On average, analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on Stride from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Morgan Stanley upped their target price on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barrington Research reiterated an “outperform” rating and set a $140.00 target price on shares of Stride in a report on Friday. Finally, BMO Capital Markets boosted their price target on Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently 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.