Wellington Management Group LLP Cuts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Wellington Management Group LLP lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 92.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,293 shares of the company's stock after selling 135,024 shares during the quarter. Wellington Management Group LLP's holdings in Duolingo were worth $2,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DUOL. Blue Trust Inc. bought a new position in shares of Duolingo in the 2nd quarter worth about $32,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Duolingo by 13.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company's stock valued at $730,000 after purchasing an additional 408 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company's stock worth $109,000 after purchasing an additional 85 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Duolingo in the 2nd quarter worth approximately $240,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Duolingo in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

DUOL stock traded down $21.23 on Wednesday, hitting $332.81. The company had a trading volume of 569,650 shares, compared to its average volume of 688,126. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 181.86 and a beta of 0.85. 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 stock's 50-day simple moving average is $320.94 and its 200 day simple moving average is $248.97. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Piper Sandler lifted their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Bank of America cut shares of Duolingo from a "buy" rating to a "neutral" rating and increased their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $352.40.

Insider Buying and Selling at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares of the company's stock, valued at approximately $40,490,787.12. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 188,901 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock worth $82,570,216 in the last three months. 18.30% of the stock is currently 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.