US Bancorp DE Has $842,000 Stake in Stride, Inc. $LRN

US Bancorp DE lowered its stake in shares of Stride, Inc. (NYSE:LRN) by 13.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,796 shares of the company’s stock after selling 937 shares during the period. US Bancorp DE’s holdings in Stride were worth $842,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Inspire Investing LLC acquired a new position in shares of Stride during the first quarter valued at about $792,000. DAVENPORT & Co LLC acquired a new position in shares of Stride during the first quarter valued at about $461,000. Swedbank AB raised its position in shares of Stride by 5.4% during the first quarter. Swedbank AB now owns 1,009,726 shares of the company’s stock valued at $127,730,000 after buying an additional 52,000 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Stride during the first quarter valued at about $326,000. Finally, Canandaigua National Bank & Trust Co. acquired a new position in shares of Stride during the first quarter valued at about $273,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Shares of Stride stock opened at $145.00 on Friday. The company has a current ratio of 5.39, a quick ratio of 5.27 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 0.82 and a beta of 0.07. Stride, Inc. has a 1-year low of $63.36 and a 1-year high of $171.17. The firm’s 50-day moving average price is $153.11 and its two-hundred day moving average price is $145.51.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.29 earnings per share for the quarter, topping 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 net margin of 11.97% and a return on equity of 25.51%. The company’s quarterly 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 earnings per share. On average, equities analysts predict that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Stride from $148.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Barrington Research reissued an “outperform” rating and issued a $185.00 price target on shares of Stride in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Stride in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.40.

Insiders Place Their Bets

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

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.