Duolingo, Inc. (NASDAQ:DUOL) Stake Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,300 shares of the company's stock after selling 93,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.35% of Duolingo worth $49,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank acquired a new position in shares of Duolingo during the fourth quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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. Invesco Ltd. lifted its holdings in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Duolingo by 36.6% during the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after buying an additional 104,114 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 5,000 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the sale, the insider now owns 118,805 shares in the company, valued at approximately $46,927,975. The trade was a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 owns 72 shares in the company, valued at $21,474. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,853 shares of company stock worth $31,627,441. Insiders own 15.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler set a $375.00 price target on Duolingo in a report 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. JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Evercore ISI upped 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. Finally, Barclays increased their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $426.29.

Duolingo Price Performance

Duolingo stock opened at $520.23 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93. The stock has a market capitalization of $23.65 billion, a P/E ratio of 284.28 and a beta of 0.88. The stock has a fifty day moving average of $372.29 and a 200-day moving average of $354.58.

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

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.

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