Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. cut its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 93.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 510 shares of the company's stock after selling 6,844 shares during the quarter. Rakuten Securities Inc.'s holdings in Duolingo were worth $158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC grew its holdings in shares of Duolingo by 39.9% during 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 period. Norges Bank purchased a new position in shares of Duolingo during the 4th quarter worth $152,296,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares during the period. Invesco Ltd. grew its holdings in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Duolingo by 41,959.1% during the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after purchasing an additional 239,167 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Down 1.5%

Shares of DUOL traded down $7.16 during midday trading on Friday, hitting $471.57. The company had a trading volume of 1,337,666 shares, compared to its average volume of 717,674. The company's 50-day simple moving average is $463.89 and its 200-day simple moving average is $383.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market capitalization of $21.43 billion, a P/E ratio of 232.30, a P/E/G ratio of 3.61 and a beta of 1.00. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The company's revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 5,351 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the sale, the insider now owns 133,805 shares of the company's stock, valued at approximately $42,820,276.10. This trade represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,482 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the sale, the insider now directly 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. In the last 90 days, insiders have sold 71,833 shares of company stock valued at $27,374,419. Corporate insiders own 15.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Needham & Company LLC raised their target price on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. The Goldman Sachs Group raised their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. DA Davidson raised their target price on Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Barclays raised their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $441.29.

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.