Duolingo, Inc. (NASDAQ:DUOL) Stock Position Lessened by River Global Investors LLP

River Global Investors LLP reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 64.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,729 shares of the company’s stock after selling 3,146 shares during the period. River Global Investors LLP’s holdings in Duolingo were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of DUOL. Wellington Management Group LLP increased its stake in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after buying an additional 358,938 shares during the period. American Century Companies Inc. bought a new position in Duolingo during the 3rd quarter valued at $48,552,000. FMR LLC raised its stake in shares of Duolingo by 37.9% in the 3rd quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after buying an additional 280,051 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Duolingo by 5.0% in the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock valued at $744,529,000 after buying an additional 213,552 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Duolingo by 4.0% during the third quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock worth $529,314,000 after acquiring an additional 122,209 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total value of $2,682,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the transaction, the chief financial officer now directly owns 64,523 shares in the company, valued at $15,174,519.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $223.51, for a total value of $2,682,120.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,223 shares of company stock worth $27,171,605. 19.85% of the stock is currently owned by insiders.

Duolingo Stock Up 3.3 %

DUOL traded up $8.01 during midday trading on Monday, hitting $248.01. 641,259 shares of the company’s stock traded hands, compared to its average volume of 724,311. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market cap of $10.63 billion, a PE ratio of 705.90 and a beta of 0.82. Duolingo, Inc. has a one year low of $121.89 and a one year high of $251.30. The stock’s fifty day simple moving average is $217.86 and its 200-day simple moving average is $205.56.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The firm had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Barclays increased their price target on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Piper Sandler raised their target price on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group raised their price objective on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Bank of America upped their price target on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Duolingo presently has an average rating of “Hold” and a consensus target price of $245.13.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.