Allianz Asset Management GmbH Sells 1,234 Shares of Stride, Inc. (NYSE:LRN)

Allianz Asset Management GmbH decreased its holdings in shares of Stride, Inc. (NYSE:LRN) by 36.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,145 shares of the company’s stock after selling 1,234 shares during the period. Allianz Asset Management GmbH’s holdings in Stride were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bosun Asset Management LLC grew its holdings in shares of Stride by 1.4% during the 4th quarter. Bosun Asset Management LLC now owns 8,292 shares of the company’s stock worth $862,000 after acquiring an additional 111 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Stride by 140.5% during the 1st quarter. First Horizon Advisors Inc. now owns 267 shares of the company’s stock worth $34,000 after acquiring an additional 156 shares during the period. Larson Financial Group LLC grew its holdings in shares of Stride by 333.3% during the 1st quarter. Larson Financial Group LLC now owns 208 shares of the company’s stock worth $26,000 after acquiring an additional 160 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Stride by 85.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock worth $42,000 after acquiring an additional 178 shares during the period. Finally, NDVR Inc. grew its stake in shares of Stride by 5.1% in the 4th quarter. NDVR Inc. now owns 3,762 shares of the company’s stock worth $391,000 after buying an additional 182 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LRN. Barrington Research restated an “outperform” rating and issued a $170.00 price target on shares of Stride in a research note on Thursday, July 24th. Canaccord Genuity Group upped their price target on Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Wall Street Zen upgraded Stride from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. BMO Capital Markets restated an “outperform” rating on shares of Stride in a research note on Thursday, May 1st. Finally, William Blair restated an “outperform” rating on shares of Stride in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $126.83.

Stride Stock Performance

LRN stock opened at $129.35 on Monday. The stock has a market capitalization of $5.63 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 0.83 and a beta of 0.10. Stride, Inc. has a 12-month low of $63.25 and a 12-month high of $162.30. The company has a current ratio of 5.61, a quick ratio of 5.53 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $139.80 and its 200 day simple moving average is $137.10.

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.