Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in Duolingo, Inc. (NASDAQ:DUOL) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,177 shares of the company’s stock after selling 273 shares during the quarter. US Bancorp DE’s holdings in Duolingo were worth $706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its position in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares in the last quarter. State Street Corp lifted its holdings in Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Duolingo by 2.5% during the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after acquiring an additional 16,481 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DUOL shares. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Barclays raised their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group upped their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.00.

Duolingo Trading Down 6.2 %

Shares of DUOL stock opened at $277.18 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market capitalization of $12.54 billion, a PE ratio of 151.47 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The stock has a fifty day moving average of $353.88 and a two-hundred day moving average of $315.24.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,159 shares of company stock valued at $107,512,184 over the last three months. 18.30% of the stock is owned by corporate insiders.

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.