Stride, Inc. $LRN Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of Stride, Inc. (NYSE:LRN) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,520 shares of the company’s stock after selling 6,918 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Stride were worth $1,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LRN. SG Capital Management LLC purchased a new stake in shares of Stride during the 2nd quarter valued at approximately $5,859,000. Y Intercept Hong Kong Ltd purchased a new position in Stride in the third quarter worth approximately $3,391,000. Invesco Ltd. increased its stake in Stride by 10.3% during the second quarter. Invesco Ltd. now owns 1,782,020 shares of the company’s stock worth $258,731,000 after acquiring an additional 165,775 shares during the last quarter. Norges Bank acquired a new stake in Stride during the second quarter worth $92,858,000. Finally, Creative Planning raised its position in Stride by 32.4% in the second quarter. Creative Planning now owns 18,536 shares of the company’s stock valued at $2,691,000 after purchasing an additional 4,535 shares during the period. Institutional investors and hedge funds own 98.24% of the company’s stock.

Analyst Ratings Changes

LRN has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on shares of Stride from $130.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stride in a research note on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $125.00 price target on shares of Stride in a research report on Wednesday, January 28th. Barrington Research reissued an “outperform” rating and issued a $125.00 price target on shares of Stride in a research note on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Stride from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.75.

Stride Trading Down 0.9%

Shares of NYSE:LRN opened at $84.56 on Wednesday. Stride, Inc. has a 52 week low of $60.61 and a 52 week high of $171.17. The company’s 50 day moving average is $78.82 and its two-hundred day moving average is $98.56. The company has a market cap of $3.60 billion, a PE ratio of 12.87, a P/E/G ratio of 0.51 and a beta of 0.12. The company has a current ratio of 7.27, a quick ratio of 7.19 and a debt-to-equity ratio of 0.31.

About Stride

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.