Duolingo, Inc. (NASDAQ:DUOL) is Long Walk Management LP's 6th Largest Position

Long Walk Management LP decreased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,250 shares of the company's stock after selling 11,050 shares during the quarter. Duolingo makes up approximately 7.5% of Long Walk Management LP's portfolio, making the stock its 6th largest holding. Long Walk Management LP owned 0.14% of Duolingo worth $20,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock valued at $751,085,000 after purchasing an additional 564,173 shares in the last quarter. State Street Corp raised its position in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock valued at $303,530,000 after acquiring an additional 36,923 shares during the period. Geode Capital Management LLC raised its position in shares of Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock valued at $189,790,000 after acquiring an additional 16,481 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Duolingo by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company's stock worth $112,330,000 after buying an additional 4,171 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock worth $55,747,000 after buying an additional 76,875 shares during the period. Institutional investors own 91.59% of the company's stock.

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Duolingo Price Performance

Shares of DUOL traded up $5.05 during mid-day trading on Thursday, reaching $306.17. The stock had a trading volume of 606,759 shares, compared to its average volume of 699,693. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 167.31 and a beta of 0.92. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The business has a fifty day moving average of $348.11 and a 200 day moving average of $318.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction 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. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,499 shares of company stock worth $28,144,768 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DUOL shares. Barclays raised their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Needham & Company LLC lifted their target price on 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 target for the company. DA Davidson lifted their target price on Duolingo from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $376.25.

About Duolingo

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.