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

Charles Schwab Investment Management Inc. lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 346,451 shares of the company's stock after purchasing an additional 4,171 shares during the period. Charles Schwab Investment Management Inc. owned about 0.79% of Duolingo worth $112,330,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in Duolingo by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $2,918,000 after buying an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Duolingo during the 4th quarter valued at approximately $956,000. Jones Financial Companies Lllp bought a new position in Duolingo during the fourth quarter worth $60,000. Williamson Legacy Group LLC acquired a new position in Duolingo in the fourth quarter worth $427,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in Duolingo during the fourth quarter valued at $58,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DUOL shares. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Piper Sandler lifted their target price on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price target on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Finally, UBS Group increased their target price on Duolingo from $408.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Seven 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $375.00.

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Insider Transactions at Duolingo

In other Duolingo news, 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 sale, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company's stock, valued at $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,159 shares of company stock valued at $107,512,184. Corporate insiders own 18.30% of the company's stock.

Duolingo Stock Performance

Shares of DUOL opened at $295.56 on Friday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The firm has a market capitalization of $13.00 billion, a PE ratio of 161.51 and a beta of 0.92. The firm has a 50-day moving average price of $354.84 and a 200 day moving average price of $314.02. 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 posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.

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