Fred Alger Management LLC Decreases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Fred Alger Management LLC trimmed its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,070 shares of the company's stock after selling 3,727 shares during the period. Fred Alger Management LLC's holdings in Duolingo were worth $3,589,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after acquiring an additional 20,289 shares in the last quarter. Tidal Investments LLC boosted its holdings in Duolingo by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock valued at $440,000 after purchasing an additional 115 shares in the last quarter. Diversified Trust Co acquired a new position in Duolingo during the 4th quarter worth approximately $784,000. ORG Partners LLC lifted its holdings in shares of Duolingo by 1,000.0% in the 4th quarter. ORG Partners LLC now owns 275 shares of the company's stock valued at $89,000 after buying an additional 250 shares during the period. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Duolingo by 16.7% in the fourth quarter. Harbour Capital Advisors LLC now owns 1,890 shares of the company's stock valued at $643,000 after purchasing an additional 270 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Duolingo stock traded down $9.63 during midday trading on Thursday, reaching $531.05. 343,184 shares of the company were exchanged, compared to its average volume of 717,980. The company has a market capitalization of $24.14 billion, a price-to-earnings ratio of 290.31 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 firm's 50-day simple moving average is $357.55 and its 200-day simple moving average is $348.94. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's quarterly revenue was up 37.6% on a year-over-year basis. On average, analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock worth $38,594,200 over the last quarter. 15.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DUOL shares. Jefferies Financial Group began coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. UBS Group upped their price target on Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Evercore ISI lifted their price objective on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. The Goldman Sachs Group boosted their target price on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $426.29.

Duolingo 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.