MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Stride, Inc. $LRN

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Stride, Inc. (NYSE:LRN) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,418 shares of the company’s stock after buying an additional 983 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Stride worth $3,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KADENSA CAPITAL Ltd purchased a new stake in Stride in the first quarter worth about $4,145,000. Hancock Whitney Corp grew its holdings in Stride by 7.2% in the first quarter. Hancock Whitney Corp now owns 3,486 shares of the company’s stock worth $441,000 after purchasing an additional 233 shares during the period. Clark Capital Management Group Inc. grew its holdings in Stride by 143.0% in the first quarter. Clark Capital Management Group Inc. now owns 59,345 shares of the company’s stock worth $7,507,000 after purchasing an additional 34,920 shares during the period. AQR Capital Management LLC boosted its position in shares of Stride by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 28,547 shares of the company’s stock worth $3,611,000 after purchasing an additional 11,481 shares in the last quarter. Finally, PDT Partners LLC boosted its position in shares of Stride by 69.5% in the 1st quarter. PDT Partners LLC now owns 62,525 shares of the company’s stock worth $7,909,000 after purchasing an additional 25,641 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stride

In other news, CEO James Jeaho Rhyu sold 13,961 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $162.66, for a total transaction of $2,270,896.26. Following the transaction, the chief executive officer directly owned 706,353 shares of the company’s stock, valued at $114,895,378.98. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Wall Street Zen cut Stride from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Barrington Research lifted their target price on shares of Stride from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.40.

Stride Stock Performance

Shares of NYSE LRN opened at $158.36 on Friday. The firm’s 50-day moving average price is $148.06 and its 200-day moving average price is $142.53. The company has a quick ratio of 5.27, a current ratio of 5.39 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.91 billion, a PE ratio of 26.31, a PEG ratio of 0.94 and a beta of 0.22. Stride, Inc. has a 52-week low of $63.25 and a 52-week high of $171.17.

Stride (NYSE:LRN) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.46. The firm had revenue of $653.65 million for the quarter, compared to analysts’ expectations of $626.23 million. Stride had a return on equity of 25.51% and a net margin of 11.97%.The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. As a group, analysts anticipate that Stride, Inc. will post 6.67 EPS 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.