Allspring Global Investments Holdings LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

Allspring Global Investments Holdings LLC trimmed its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,840 shares of the company's stock after selling 11,254 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.15% of Duolingo worth $14,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUOL. Redhawk Wealth Advisors Inc. increased its holdings in Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company's stock worth $2,003,000 after purchasing an additional 72 shares during the period. PNC Financial Services Group Inc. increased its holdings in Duolingo by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company's stock worth $647,000 after purchasing an additional 165 shares during the period. FSC Wealth Advisors LLC purchased a new position in Duolingo during the 4th quarter worth $39,000. Victory Capital Management Inc. increased its holdings in Duolingo by 6.6% during the 3rd quarter. Victory Capital Management Inc. now owns 3,732 shares of the company's stock worth $619,000 after purchasing an additional 232 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Duolingo by 0.7% during the 3rd quarter. California State Teachers Retirement System now owns 32,453 shares of the company's stock worth $5,383,000 after purchasing an additional 234 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DUOL has been the topic of several research reports. Barclays raised their price objective on Duolingo from $173.00 to $243.00 and gave the stock an "equal weight" rating in a report on Thursday, February 29th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. Piper Sandler increased their target price on Duolingo from $217.00 to $282.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. The Goldman Sachs Group increased their target price on Duolingo from $160.00 to $190.00 and gave the company a "sell" rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. assumed coverage on Duolingo in a research report on Monday, March 11th. They set an "overweight" rating and a $270.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $245.13.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $235.18, for a total value of $1,881,440.00. Following the sale, the chief financial officer now directly owns 64,523 shares of the company's stock, valued at approximately $15,174,519.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,223 shares of company stock valued at $23,682,665. 19.85% of the stock is owned by company insiders.

Duolingo Stock Up 1.3 %

Shares of Duolingo stock traded up $2.61 during trading on Tuesday, reaching $198.17. The company's stock had a trading volume of 399,674 shares, compared to its average volume of 632,427. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 575.19 and a beta of 0.84. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87. The company has a 50-day simple moving average of $208.71 and a two-hundred day simple moving average of $200.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million during the quarter, compared to analysts' expectations of $146.98 million. As a group, equities analysts forecast that Duolingo, Inc. will post 1.38 earnings per share for the current 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.