Wellington Management Group LLP Has $1.01 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Wellington Management Group LLP reduced its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 69.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,115 shares of the company's stock after selling 7,178 shares during the quarter. Wellington Management Group LLP's holdings in Duolingo were worth $1,010,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo during the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC raised its stake in Duolingo by 1,255.6% in 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 period. Finally, Smithfield Trust Co lifted its position in shares of Duolingo by 41.8% in 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. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DUOL shares. JMP Securities reissued a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Needham & Company LLC raised their price target on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. DA Davidson increased their price objective on shares of Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Morgan Stanley lifted their target price on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $441.29.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the business'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at $21,474. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,833 shares of company stock valued at $29,006,319 over the last quarter. 15.67% of the stock is owned by company insiders.

Duolingo Stock Performance

NASDAQ DUOL traded down $12.02 during trading on Monday, reaching $500.94. The company's stock had a trading volume of 693,891 shares, compared to its average volume of 866,642. The firm has a 50 day moving average price of $430.90 and a 200 day moving average price of $374.37. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $544.93. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 273.74 and a beta of 1.00. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results 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 11.74% and a net margin of 12.59%. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.