Neuberger Berman Group LLC Acquires Shares of 66,371 Duolingo, Inc. (NASDAQ:DUOL)

Neuberger Berman Group LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 66,371 shares of the company's stock, valued at approximately $21,519,000. Neuberger Berman Group LLC owned 0.15% of Duolingo at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUOL. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the period. Global Retirement Partners LLC increased its stake in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares during the period. Smithfield Trust Co increased its position in Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares during the period. Finally, R Squared Ltd acquired a new stake in Duolingo in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 3,284 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,429,459.52. Following the transaction, the chief financial officer now directly owns 59,982 shares in the company, valued at $26,108,964.96. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold 86,868 shares of company stock valued at $29,474,420 in the last three months. Corporate insiders own 18.30% of the company's stock.

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Duolingo Trading Up 0.6 %

Shares of DUOL stock traded up $1.96 on Wednesday, hitting $327.13. The stock had a trading volume of 213,459 shares, compared to its average volume of 847,889. The company has a fifty day moving average price of $336.82 and a two-hundred day moving average price of $329.30. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $14.80 billion, a P/E ratio of 178.76 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results 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). The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. DA Davidson upped their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Barclays upped 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. Finally, Needham & Company LLC lifted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.92.

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.