Northwest & Ethical Investments L.P. Sells 3,260 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Northwest & Ethical Investments L.P. lessened its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 36.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its stake 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 purchasing an additional 564,173 shares in the last quarter. Spyglass Capital Management LLC acquired a new position in Duolingo during the 3rd quarter valued at approximately $38,512,000. Charles Schwab Investment Management Inc. increased its stake in Duolingo by 42.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Bamco Inc. NY acquired a new position in Duolingo during the 3rd quarter valued at approximately $25,808,000. Finally, Lord Abbett & CO. LLC increased its stake in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $309.30 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company’s fifty day moving average price is $347.58 and its 200 day moving average price is $318.89.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DUOL shares. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Piper Sandler increased their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Barclays increased their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Citizens Jmp upgraded shares of 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. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,208.56. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares in the company, valued at approximately $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,499 shares of company stock valued at $32,677,268 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

About Duolingo

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.