Nomura Asset Management Co. Ltd. Sells 4,154 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Nomura Asset Management Co. Ltd. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 64.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,329 shares of the company's stock after selling 4,154 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Duolingo were worth $657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DUOL. FMR LLC boosted its position in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock valued at $751,085,000 after buying an additional 564,173 shares during the period. State Street Corp increased its holdings in Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Dragoneer Investment Group LLC bought a new position in Duolingo during the 2nd quarter valued at approximately $204,768,000. American Century Companies Inc. lifted its holdings in Duolingo by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after buying an additional 100,167 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company's stock worth $82,450,000 after buying an additional 238,990 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now owns 132,239 shares of the company's stock, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 4,819 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38. Following the sale, the insider now owns 157,053 shares of the company's stock, valued at approximately $37,695,861.06. This represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,979 shares of company stock worth $83,726,872. Company insiders own 18.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DUOL. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group increased their target price on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. DA Davidson lifted their price target on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Duolingo currently has a consensus rating of "Moderate Buy" and an average target price of $352.40.

Duolingo Stock Up 3.2 %

Shares of DUOL traded up $10.65 on Monday, hitting $348.72. 637,281 shares of the stock traded hands, compared to its average volume of 688,768. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a market capitalization of $15.34 billion, a PE ratio of 190.56 and a beta of 0.85. The business has a 50 day simple moving average of $318.74 and a 200 day simple moving average of $247.23. 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 posted its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the company earned $0.06 EPS. The company's quarterly revenue was up 39.9% compared to the same quarter last year. As a group, equities analysts forecast that Duolingo, Inc. will post 2.02 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.