Cetera Investment Advisers Lowers Stake in Duolingo, Inc. (NASDAQ:DUOL)

Cetera Investment Advisers reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,656 shares of the company's stock after selling 2,465 shares during the period. Cetera Investment Advisers' holdings in Duolingo were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP increased its position in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after buying an additional 46 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DUOL. Evercore ISI boosted their price target on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Scotiabank boosted their price target on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. UBS Group increased their price target on Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays raised their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average price target of $426.29.

Duolingo Trading Up 1.1%

Duolingo stock traded up $5.50 during trading on Tuesday, reaching $525.73. 764,188 shares of the company were exchanged, compared to its average volume of 717,768. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $23.90 billion, a P/E ratio of 287.29 and a beta of 0.88. The stock's 50 day simple moving average is $377.35 and its two-hundred day simple moving average is $355.76.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million for 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 company's quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. This trade represents 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 have sold 93,853 shares of company stock worth $31,627,441. 15.67% of the stock is currently owned by company insiders.

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.