Principal Financial Group Inc. Has $90.02 Million Stock Holdings in Stride, Inc. (NYSE:LRN)

Principal Financial Group Inc. lifted its holdings in Stride, Inc. (NYSE:LRN) by 293.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 866,182 shares of the company’s stock after buying an additional 645,835 shares during the period. Principal Financial Group Inc.’s holdings in Stride were worth $90,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Stride in the fourth quarter worth $37,000. TD Private Client Wealth LLC boosted its position in shares of Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after buying an additional 426 shares during the period. KBC Group NV boosted its position in shares of Stride by 68.5% in the fourth quarter. KBC Group NV now owns 1,891 shares of the company’s stock worth $197,000 after buying an additional 769 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of Stride in the fourth quarter worth $205,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Stride in the fourth quarter worth $206,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

NYSE LRN opened at $141.91 on Wednesday. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $145.00. The stock’s 50-day moving average is $117.42 and its two-hundred day moving average is $97.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.02 and a quick ratio of 5.93. The firm has a market cap of $6.18 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.04 and a beta of 0.32.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. On average, analysts anticipate that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on Stride from $94.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Canaccord Genuity Group increased their price objective on Stride from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup raised their target price on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, BMO Capital Markets raised their target price on Stride from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

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.