Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 42.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,280 shares of the company's stock after acquiring an additional 101,653 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.79% of Duolingo worth $96,530,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mount Lucas Management LP grew its holdings in Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company's stock valued at $378,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock valued at $299,000 after purchasing an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company's stock valued at $409,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company's stock worth $109,000 after acquiring an additional 85 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Bank of America raised their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, JMP Securities lowered shares of Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $331.33.

Duolingo Trading Up 1.6 %

Shares of NASDAQ:DUOL opened at $353.53 on Wednesday. The company has a market cap of $15.55 billion, a PE ratio of 193.19 and a beta of 0.79. The company's 50-day moving average price is $294.74 and its 200 day moving average price is $229.12. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $364.95. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the firm earned $0.06 EPS. Duolingo's revenue was up 39.9% on a year-over-year basis. Sell-side analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares of the company's stock, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,783 shares of company stock worth $12,156,296. 18.30% of the stock is owned by corporate insiders.

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.