Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Altimeter Capital Management LP

Altimeter Capital Management LP cut its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 84.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,375 shares of the company's stock after selling 161,250 shares during the period. Duolingo accounts for 0.2% of Altimeter Capital Management LP's investment portfolio, making the stock its 22nd largest holding. Altimeter Capital Management LP owned approximately 0.07% of Duolingo worth $9,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its position in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank acquired a new position in Duolingo in the fourth quarter valued at $152,296,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock valued at $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after buying an additional 378,225 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Duolingo by 36.6% during the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after buying an additional 104,114 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock worth $37,549,300 over the last quarter. 18.30% of the stock is currently owned by insiders.

Duolingo Price Performance

Shares of DUOL traded down $3.58 during mid-day trading on Tuesday, reaching $490.55. 1,492,890 shares of the company's stock were exchanged, compared to its average volume of 740,139. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $504.31. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a 50-day simple moving average of $328.46 and a two-hundred day simple moving average of $338.64. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 268.06 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on DUOL. The Goldman Sachs Group upped their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday. Morgan Stanley boosted their price objective on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday. Scotiabank upped their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday. Finally, Evercore ISI lifted their target price on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus price target of $426.29.

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.