Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Carnegie Mellon University

Carnegie Mellon University trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,314 shares of the company’s stock after selling 5,000 shares during the quarter. Duolingo accounts for about 99.1% of Carnegie Mellon University’s portfolio, making the stock its largest position. Carnegie Mellon University owned approximately 0.86% of Duolingo worth $82,191,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its holdings in shares of Duolingo by 24.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,815 shares of the company’s stock valued at $639,000 after buying an additional 550 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Duolingo during the 4th quarter worth $92,000. Illinois Municipal Retirement Fund purchased a new stake in Duolingo during the 4th quarter valued at about $744,000. Handelsbanken Fonder AB raised its holdings in Duolingo by 40.0% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the company’s stock valued at $1,270,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Duolingo during the 4th quarter worth approximately $1,235,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.67, for a total value of $1,429,360.00. Following the transaction, the chief financial officer now owns 69,688 shares of the company’s stock, valued at $12,451,154.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Insiders have sold a total of 113,223 shares of company stock worth $23,682,665 in the last quarter. 19.85% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DUOL shares. JPMorgan Chase & Co. assumed coverage on Duolingo in a report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target on the stock. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Needham & Company LLC upped their price objective on Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Barclays raised their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, UBS Group increased their target price on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $245.13.

Duolingo Stock Down 0.7 %

Shares of DUOL stock traded down $1.54 during trading on Thursday, reaching $214.84. The company’s stock had a trading volume of 506,025 shares, compared to its average volume of 730,224. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87. The stock’s 50-day moving average price is $212.04 and its 200 day moving average price is $202.66. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 631.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. On average, research analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current 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.