American Century Companies Inc. Sells 74,502 Shares of Duolingo, Inc. $DUOL

Key Points

• American Century Companies Inc. reduced its holdings in Duolingo by 15% during the first quarter, now owning 421,683 shares valued at approximately $130.95 million.
• Insider Severin Hacker sold 10,000 shares at an average price of $344.41, resulting in a 99.29% decrease in their ownership position.
• Research analysts have a generally positive outlook on Duolingo, with 12 out of 17 analysts rating it as a "buy" and an average target price of $454.20.

American Century Companies Inc. lowered its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 421,683 shares of the company's stock after selling 74,502 shares during the period. American Century Companies Inc. owned about 0.93% of Duolingo worth $130,950,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Invesco Ltd. raised its stake in Duolingo by 24.1% during the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after buying an additional 261,212 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after buying an additional 10,638 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Duolingo by 548.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after buying an additional 398,259 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Duolingo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock worth $133,987,000 after buying an additional 1,506 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Duolingo by 18.6% during the fourth quarter. Northern Trust Corp now owns 296,457 shares of the company's stock worth $96,120,000 after buying an additional 46,442 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the sale, the insider owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 1,282 shares of Duolingo stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $421,816.46. Following the completion of the sale, the general counsel directly owned 34,153 shares in the company, valued at approximately $11,237,361.59. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,056 shares of company stock valued at $23,589,966. Company insiders own 15.67% of the company's stock.

Duolingo Stock Up 2.0%

Duolingo stock traded up $6.64 during midday trading on Thursday, hitting $345.52. 1,316,426 shares of the stock were exchanged, compared to its average volume of 1,037,038. Duolingo, Inc. has a 52-week low of $202.38 and a 52-week high of $544.93. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 142.19, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87. The business's 50-day moving average price is $383.78 and its 200-day moving average price is $391.48. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was up 41.5% compared to the same quarter last year. On average, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 target price for the company in a research note on Monday. Scotiabank raised their price target on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. JMP Securities reduced their price target on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a report on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Duolingo from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and an average price target of $451.35.

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.