Charles Schwab Investment Management Inc. Sells 4,003 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Duolingo, Inc. by 1.2%, now holding 342,448 shares valued at approximately $106.34 million.
• Wall Street analysts remain optimistic, with a consensus rating of "Moderate Buy" and an average price target of $454.20, reflecting confidence in the company's growth potential.
• Insider Severin Hacker significantly decreased their position by selling 10,000 shares valued at over $3.44 million, showcasing a notable insider trading activity.

Charles Schwab Investment Management Inc. cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 342,448 shares of the company's stock after selling 4,003 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.76% of Duolingo worth $106,344,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jefferies Financial Group Inc. acquired a new stake in shares of Duolingo in the first quarter valued at $3,772,000. Encompass More Asset Management acquired a new stake in shares of Duolingo in the first quarter valued at $762,000. TD Asset Management Inc increased its stake in shares of Duolingo by 12.7% in the first quarter. TD Asset Management Inc now owns 107,520 shares of the company's stock valued at $33,389,000 after buying an additional 12,138 shares in the last quarter. Congress Asset Management Co. acquired a new stake in shares of Duolingo in the first quarter valued at $15,430,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Duolingo by 41.1% in the first quarter. SBI Securities Co. Ltd. now owns 4,158 shares of the company's stock valued at $1,291,000 after buying an additional 1,211 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the sale, the insider owned 72 shares in the company, valued at $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 50,000 shares of company stock valued at $20,939,300. Insiders own 15.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DUOL. Piper Sandler set a $375.00 target price on Duolingo in a research note on Friday, May 2nd. DA Davidson lowered their price objective on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Scotiabank lifted their price objective on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Barclays lifted their price objective on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $454.20.

Duolingo Stock Down 0.3%

NASDAQ DUOL traded down $0.85 during trading on Friday, hitting $329.03. The stock had a trading volume of 682,302 shares, compared to its average volume of 1,013,595. The company has a market capitalization of $14.95 billion, a PE ratio of 135.56, a P/E/G ratio of 2.19 and a beta of 0.87. The company's 50-day moving average price is $395.68 and its two-hundred day moving average price is $391.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a 12 month low of $198.33 and a 12 month high of $544.93.

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

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.