Northwest & Ethical Investments L.P. Decreases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Northwest & Ethical Investments L.P. reduced its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,740 shares of the company's stock after selling 3,260 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Duolingo were worth $1,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. True Wealth Design LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in Duolingo by 1,255.6% during the fourth 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 last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 1.9 %

NASDAQ:DUOL traded up $6.27 during trading hours on Tuesday, hitting $336.27. The company's stock had a trading volume of 236,811 shares, compared to its average volume of 702,187. The stock has a fifty day moving average of $347.86 and a 200-day moving average of $321.31. The stock has a market capitalization of $15.21 billion, a P/E ratio of 183.76 and a beta of 0.92. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week 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.

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Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80. Following the sale, the insider now owns 130,733 shares of the company's stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,499 shares of company stock worth $32,677,268 in the last 90 days. 18.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DUOL. Bank of America cut shares of Duolingo from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 price target on the stock. DA Davidson upped their price objective on Duolingo from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Piper Sandler upped their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $376.25.

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.