SBI Securities Co. Ltd. Makes New $165,000 Investment in Stride, Inc. (NYSE:LRN)

SBI Securities Co. Ltd. purchased a new position in Stride, Inc. (NYSE:LRN) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,587 shares of the company’s stock, valued at approximately $165,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mutual of America Capital Management LLC grew its position in shares of Stride by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,492 shares of the company’s stock valued at $675,000 after purchasing an additional 93 shares during the period. Louisiana State Employees Retirement System raised its stake in Stride by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the company’s stock worth $2,151,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Stride by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,074 shares of the company’s stock worth $1,047,000 after purchasing an additional 100 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Stride by 3.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,232 shares of the company’s stock worth $336,000 after purchasing an additional 113 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Stride by 3.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,213 shares of the company’s stock valued at $274,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Stride Stock Down 5.4 %

Shares of NYSE:LRN opened at $133.24 on Friday. 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 company has a fifty day simple moving average of $124.94 and a 200 day simple moving average of $102.57. The firm has a market cap of $5.80 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32. Stride, Inc. has a 12-month low of $56.17 and a 12-month high of $145.00.

Stride (NYSE:LRN) last released its earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a net margin of 12.30% and a return on equity of 22.42%. On average, equities research analysts anticipate that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LRN shares. Morgan Stanley lifted their price objective on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Barrington Research boosted their price objective on shares of Stride from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group upped their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Stride presently has an average rating of “Moderate Buy” and an average price target of $116.83.

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.