JPMorgan Chase & Co. Sells 19,341 Shares of Duolingo, Inc. (NASDAQ:DUOL)

JPMorgan Chase & Co. cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,515 shares of the company's stock after selling 19,341 shares during the period. JPMorgan Chase & Co. owned about 0.26% of Duolingo worth $37,129,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DUOL. WINTON GROUP Ltd raised its stake in shares of Duolingo by 6.8% during the fourth quarter. WINTON GROUP Ltd now owns 3,263 shares of the company's stock valued at $1,058,000 after acquiring an additional 208 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Duolingo by 58.9% during the 4th quarter. Prudential Financial Inc. now owns 79,130 shares of the company's stock worth $24,318,000 after buying an additional 29,347 shares during the period. Vanguard Group Inc. grew its position in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after buying an additional 70,705 shares during the last quarter. LPL Financial LLC increased its stake in shares of Duolingo by 73.3% in the fourth quarter. LPL Financial LLC now owns 4,198 shares of the company's stock valued at $1,361,000 after buying an additional 1,776 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Duolingo during the fourth quarter worth about $2,237,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on DUOL. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a report on Tuesday, March 18th. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Needham & Company LLC increased their price objective on shares of Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

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Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $21,054.96. This represents a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 3,482 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares of the company's stock, valued at approximately $40,668,147.09. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,332 shares of company stock worth $33,442,107. Insiders own 18.30% of the company's stock.

Duolingo Stock Up 3.9 %

Shares of NASDAQ:DUOL traded up $12.41 during trading on Friday, reaching $329.35. 866,829 shares of the stock were exchanged, compared to its average volume of 743,015. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The stock has a fifty day moving average of $339.41 and a two-hundred day moving average of $328.63. 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 firm has a market cap of $14.90 billion, a price-to-earnings ratio of 179.97 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share 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 analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.