Northwestern Mutual Wealth Management Co. raised its holdings in Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 3,045.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,056 shares of the company’s stock after purchasing an additional 44,592 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Duolingo were worth $8,083,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baillie Gifford & Co. raised its stake in Duolingo by 71.9% in the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after buying an additional 2,033,611 shares during the period. State Street Corp raised its stake in Duolingo by 0.5% in the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after buying an additional 6,109 shares during the period. AQR Capital Management LLC raised its stake in Duolingo by 78.4% in the third quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after buying an additional 325,648 shares during the period. State of Michigan Retirement System raised its stake in Duolingo by 5,800.0% in the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after buying an additional 551,000 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake in Duolingo by 22,970.4% in the third quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after buying an additional 413,468 shares during the period. Institutional investors own 91.59% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on DUOL. Evercore set a $97.00 price objective on Duolingo in a research note on Tuesday, May 5th. Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $100.00 target price (down from $300.00) on shares of Duolingo in a research report on Friday, February 27th. DA Davidson upped their target price on Duolingo from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $195.94.
Insider Buying and Selling
In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the sale, the general counsel owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is owned by corporate insiders.
Duolingo Trading Up 0.9%
Shares of NASDAQ:DUOL opened at $106.61 on Friday. The company has a market capitalization of $4.97 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 0.90. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $540.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The business’s 50 day simple moving average is $101.64 and its 200 day simple moving average is $139.12.
Duolingo (NASDAQ:DUOL – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, research analysts anticipate that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.
Duolingo Profile
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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