Stride, Inc. (NYSE:LRN) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. grew its holdings in Stride, Inc. (NYSE:LRN) by 3.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,097 shares of the company’s stock after buying an additional 503 shares during the period. Banco Santander S.A.’s holdings in Stride were worth $1,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LRN. CIBC Private Wealth Group LLC raised its position in shares of Stride by 85.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company’s stock valued at $42,000 after buying an additional 178 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Stride by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 970,395 shares of the company’s stock valued at $100,877,000 after buying an additional 5,694 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Stride in the fourth quarter valued at about $5,670,000. Resona Asset Management Co. Ltd. acquired a new stake in Stride during the fourth quarter worth about $416,000. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Stride by 1.6% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 20,278 shares of the company’s stock worth $2,107,000 after purchasing an additional 310 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors and hedge funds.

Stride Trading Up 0.9%

Shares of LRN stock opened at $129.35 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.53 and a current ratio of 5.61. The stock has a market capitalization of $5.63 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 0.83 and a beta of 0.10. The company has a 50 day moving average price of $139.80 and a 200 day moving average price of $137.10. Stride, Inc. has a fifty-two week low of $63.25 and a fifty-two week high of $162.30.

Analysts Set New Price Targets

LRN has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $170.00 price objective on shares of Stride in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of Stride from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. BMO Capital Markets restated an “outperform” rating on shares of Stride in a research report on Thursday, May 1st. Canaccord Genuity Group raised their price objective on shares of Stride from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, William Blair restated an “outperform” rating on shares of Stride in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.83.

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.