Alliancebernstein L.P. Decreases Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Alliancebernstein L.P. decreased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,194 shares of the company's stock after selling 448,281 shares during the quarter. Alliancebernstein L.P. owned approximately 0.70% of Duolingo worth $99,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Duolingo during the fourth quarter worth about $1,994,000. Taika Capital LP bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. purchased a new position in Duolingo in the 4th quarter worth approximately $429,000. Rockefeller Capital Management L.P. purchased a new stake in Duolingo during the 3rd quarter valued at $4,350,000. Finally, Diversified Trust Co purchased a new position in shares of Duolingo in the fourth quarter worth $784,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DUOL shares. UBS Group set a $400.00 price target on shares of Duolingo in a research report on Tuesday, March 18th. Barclays upped their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. JMP Securities restated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and increased their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $377.08.

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Insider Activity

In related news, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,332 shares of company stock valued at $30,517,807. Corporate insiders own 18.30% of the company's stock.

Duolingo Trading Down 1.8 %

Shares of DUOL stock traded down $5.13 during trading hours on Monday, reaching $287.75. 664,193 shares of the stock were exchanged, compared to its average volume of 730,045. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 158.51 and a beta of 0.91. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company's 50-day moving average price is $345.60 and its 200-day moving average price is $327.31.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo 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.