Comerica Bank Has $5.08 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Comerica Bank reduced its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,671 shares of the company's stock after selling 590 shares during the quarter. Comerica Bank's holdings in Duolingo were worth $5,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voleon Capital Management LP bought a new stake in Duolingo during the 4th quarter worth about $4,444,000. PDT Partners LLC increased its stake in shares of Duolingo by 404.6% in the 4th quarter. PDT Partners LLC now owns 11,102 shares of the company's stock valued at $3,600,000 after acquiring an additional 8,902 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Duolingo by 1.0% in the 4th quarter. AQR Capital Management LLC now owns 90,103 shares of the company's stock valued at $29,117,000 after acquiring an additional 924 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after acquiring an additional 30 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Duolingo by 18.6% in the 4th quarter. Northern Trust Corp now owns 296,457 shares of the company's stock valued at $96,120,000 after acquiring an additional 46,442 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. This represents a 5.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the sale, the insider now directly owns 129,572 shares of the company's stock, valued at $56,400,100.16. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,868 shares of company stock worth $38,594,200. Company insiders own 15.67% of the company's stock.

Duolingo Stock Up 1.9%

Shares of NASDAQ DUOL traded up $9.40 during trading hours on Friday, hitting $512.97. The company had a trading volume of 604,321 shares, compared to its average volume of 723,563. The stock has a market capitalization of $23.32 billion, a P/E ratio of 280.31 and a beta of 0.88. The company has a quick ratio of 3.09, a current 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 $513.87. The firm's 50 day moving average is $342.98 and its 200-day moving average is $344.74.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DUOL. Needham & Company LLC upped their price target on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley upped their price target on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Barclays upped their price target on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their target price on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $426.29.

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.