Erste Asset Management GmbH Trims Stake in Duolingo, Inc. (NASDAQ:DUOL)

Erste Asset Management GmbH decreased its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,968 shares of the company's stock after selling 4,536 shares during the quarter. Erste Asset Management GmbH owned approximately 0.12% of Duolingo worth $18,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after purchasing an additional 564,173 shares in the last quarter. Spyglass Capital Management LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at $38,512,000. Charles Schwab Investment Management Inc. boosted its holdings in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock worth $96,530,000 after buying an additional 101,653 shares in the last quarter. Bamco Inc. NY acquired a new stake in Duolingo during the third quarter valued at $25,808,000. Finally, Lord Abbett & CO. LLC increased its holdings in Duolingo by 63.6% in the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock valued at $55,747,000 after buying an additional 76,875 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DUOL shares. JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Piper Sandler raised their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. The Goldman Sachs Group upped 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. UBS Group lifted their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.00.

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Duolingo Price Performance

Shares of Duolingo stock traded up $10.64 during trading hours on Monday, reaching $294.18. 919,032 shares of the company's stock were exchanged, compared to its average volume of 698,151. The business has a fifty day moving average of $350.03 and a two-hundred day moving average of $317.28. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $13.31 billion, a P/E ratio of 160.75 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (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 for the quarter, compared to analysts' expectations of $205.49 million. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,499 shares of company stock worth $29,162,568. 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.