Canada Pension Plan Investment Board Has $908,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Canada Pension Plan Investment Board reduced its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,800 shares of the company's stock after selling 19,900 shares during the quarter. Canada Pension Plan Investment Board's holdings in Duolingo were worth $908,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Duolingo by 90.9% during the 3rd quarter. Barclays PLC now owns 42,613 shares of the company's stock worth $12,018,000 after buying an additional 20,289 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Duolingo during the third quarter valued at $199,000. Tidal Investments LLC grew its position in shares of Duolingo by 8.0% during the third quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock worth $440,000 after acquiring an additional 115 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock worth $55,747,000 after acquiring an additional 76,875 shares during the period. Finally, GAMMA Investing LLC lifted its position in Duolingo by 60.1% in the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $185,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $4.35 during mid-day trading on Wednesday, reaching $389.48. The company had a trading volume of 966,797 shares, compared to its average volume of 720,947. The company has a 50-day moving average price of $324.10 and a two-hundred day moving average price of $334.37. The stock has a market cap of $17.62 billion, a PE ratio of 212.83 and a beta of 0.91. 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 1-year low of $145.05 and a 1-year high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DUOL. Morgan Stanley started coverage on shares of Duolingo in a research note on Wednesday, April 23rd. They issued an "overweight" rating and a $435.00 price target on the stock. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price on the stock. Needham & Company LLC increased their price target on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Scotiabank decreased their target price on shares of Duolingo from $425.00 to $405.00 and set a "sector outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group lowered their target price on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $376.15.

Insider Buying and Selling

In related news, insider Natalie Glance sold 2,667 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now directly owns 129,572 shares of the company's stock, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated 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 $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. In the last 90 days, insiders sold 109,868 shares of company stock valued at $37,549,300. Company insiders own 18.30% of the company's stock.

Duolingo 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.