Nuveen Asset Management LLC Has $49.54 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Nuveen Asset Management LLC lessened its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,795 shares of the company's stock after selling 12,784 shares during the period. Nuveen Asset Management LLC owned about 0.35% of Duolingo worth $49,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Numerai GP LLC increased its holdings in shares of Duolingo by 190.8% in the 4th quarter. Numerai GP LLC now owns 2,786 shares of the company's stock valued at $903,000 after purchasing an additional 1,828 shares during the period. Miura Global Management LLC acquired a new position in shares of Duolingo in the 4th quarter valued at about $2,594,000. Millennium Management LLC grew its stake in shares of Duolingo by 115.4% in the 4th quarter. Millennium Management LLC now owns 18,822 shares of the company's stock valued at $6,103,000 after buying an additional 10,083 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Duolingo by 0.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 171,090 shares of the company's stock valued at $55,473,000 after buying an additional 1,583 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Duolingo by 4.1% in the 4th quarter. Janus Henderson Group PLC now owns 15,214 shares of the company's stock valued at $4,930,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at $35,708.40. The trade was a 99.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 3,482 shares of Duolingo stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total value of $1,112,812.38. Following the transaction, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,853 shares of company stock worth $31,627,441 over the last three months. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $520.23 on Tuesday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The firm has a market cap of $23.65 billion, a PE ratio of 284.28 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The business 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's revenue was up 37.6% on a year-over-year basis. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DUOL shares. 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 report on Tuesday, March 18th. Piper Sandler set a $375.00 price objective on Duolingo in a research report on Friday, May 2nd. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. Barclays upped 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. Finally, Scotiabank upped their target price on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $426.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.