Schroder Investment Management Group Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

Schroder Investment Management Group lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,990 shares of the company's stock after selling 3,066 shares during the period. Schroder Investment Management Group's holdings in Duolingo were worth $647,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DUOL. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd boosted its holdings in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares in the last quarter. Global Retirement Partners LLC boosted 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 worth $40,000 after buying an additional 113 shares in the last quarter. Smithfield Trust Co grew its position in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Duolingo during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DUOL shares. Jefferies Financial Group assumed coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Citizens Jmp raised 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. The Goldman Sachs Group raised their price target on Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Piper Sandler boosted their price objective 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. Finally, DA Davidson lifted their price objective on Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $372.92.

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Duolingo Trading Up 3.9 %

DUOL traded up $12.41 during trading on Friday, hitting $329.35. The company's stock had a trading volume of 866,829 shares, compared to its average volume of 743,015. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The stock has a market cap of $14.90 billion, a PE ratio of 179.97 and a beta of 0.91. The firm's 50 day moving average price is $339.41 and its 200-day moving average price is $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.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS 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 business had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,332 shares of company stock worth $33,442,107 in the last 90 days. 18.30% of the stock is owned by company insiders.

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.