Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 496,185 shares of the company's stock after selling 4,972 shares during the period. American Century Companies Inc. owned approximately 1.13% of Duolingo worth $160,878,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling

In other news, Director Gillian Munson sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the sale, the director now directly owns 3,530 shares of the company's stock, valued at approximately $1,094,300. This represents a 58.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $21,474. This trade represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,499 shares of company stock worth $32,677,268 in the last quarter. 18.30% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on DUOL. Needham & Company LLC increased their target price on shares of Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Scotiabank started coverage on Duolingo in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price objective on the stock. The Goldman Sachs Group boosted their target price on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Seven research 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $376.25.

Duolingo Stock Up 3.0 %

Shares of NASDAQ:DUOL traded up $9.78 during trading on Tuesday, hitting $339.78. 526,469 shares of the company were exchanged, compared to its average volume of 702,187. The firm's 50 day moving average price is $347.86 and its 200-day moving average price is $321.31. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $15.37 billion, a P/E ratio of 185.67 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal 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.