Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 69.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,115 shares of the company's stock after selling 7,178 shares during the quarter. Wellington Management Group LLP's holdings in Duolingo were worth $1,010,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the period. Smithfield Trust Co lifted its holdings in Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Duolingo during the 4th quarter valued at about $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 9,020 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company's stock, valued at $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,044.40. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,868 shares of company stock worth $29,474,420. Insiders own 18.30% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on DUOL shares. Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Barclays lifted their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Seven research 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. Based on data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and a consensus target price of $372.92.

Duolingo Trading Down 0.4 %

Shares of NASDAQ:DUOL traded down $1.23 during trading on Thursday, reaching $325.17. The company's stock had a trading volume of 371,103 shares, compared to its average volume of 742,793. The firm's 50 day simple moving average is $335.47 and its two-hundred day simple moving average is $329.28. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock has a market capitalization of $14.71 billion, a PE ratio of 178.55 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $205.49 million. On average, research analysts predict that Duolingo, Inc. will post 2.03 EPS 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.