Duolingo, Inc. (NASDAQ:DUOL) Stock Position Lowered by Man Group plc

Man Group plc cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 57.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 63,577 shares of the company's stock after selling 87,356 shares during the period. Man Group plc owned approximately 0.14% of Duolingo worth $20,614,000 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. Quarry LP raised its stake in shares of Duolingo by 250.0% during the fourth 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 stake in shares of Duolingo during the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd increased its position in shares of 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 acquiring an additional 101 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co boosted its holdings in 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 purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at $21,474. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,853 shares of company stock valued at $31,627,441 over the last 90 days. 15.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DUOL shares. DA Davidson increased their target price on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Needham & Company LLC increased their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Stock Performance

NASDAQ DUOL traded up $7.22 during trading hours on Thursday, hitting $521.52. The company had a trading volume of 152,268 shares, compared to its average volume of 714,887. The business has a fifty day simple moving average of $381.97 and a 200-day simple moving average of $356.86. The firm has a market cap of $23.71 billion, a P/E ratio of 285.10 and a beta of 0.88. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's revenue was up 37.6% compared to the same quarter last year. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current 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.