Duolingo, Inc. (NASDAQ:DUOL) Position Trimmed by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,281 shares of the company's stock after selling 4,017 shares during the period. Duolingo comprises about 1.6% of Kathleen S. Wright Associates Inc.'s holdings, making the stock its 17th largest position. Kathleen S. Wright Associates Inc.'s holdings in Duolingo were worth $3,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Duolingo by 112.9% during the first quarter. JPMorgan Chase & Co. now owns 59,291 shares of the company's stock worth $5,640,000 after buying an additional 31,446 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Duolingo by 40.7% during the first quarter. Bank of New York Mellon Corp now owns 9,201 shares of the company's stock worth $876,000 after buying an additional 2,661 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Duolingo by 95.6% during the first quarter. BlackRock Inc. now owns 822,978 shares of the company's stock worth $78,275,000 after buying an additional 402,222 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Duolingo by 73.8% during the first quarter. Lord Abbett & CO. LLC now owns 216,817 shares of the company's stock worth $20,621,000 after buying an additional 92,031 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Duolingo in the 1st quarter valued at approximately $342,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.67, for a total value of $1,429,360.00. Following the completion of the transaction, the chief financial officer now directly owns 69,688 shares in the company, valued at approximately $12,451,154.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.67, for a total transaction of $1,429,360.00. Following the sale, the chief financial officer now directly owns 69,688 shares of the company's stock, valued at $12,451,154.96. The disclosure for this sale can be found here. In the last three months, insiders sold 113,223 shares of company stock worth $23,682,665. Insiders own 19.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America lifted their price objective on Duolingo from $230.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. Needham & Company LLC boosted their price target on Duolingo from $210.00 to $241.00 and gave the stock a "buy" rating in a research note on Thursday, February 29th. Seaport Res Ptn reissued a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They set an "overweight" rating and a $270.00 price target on the stock. Finally, Barclays boosted their price target on Duolingo from $173.00 to $243.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $245.13.

Duolingo Price Performance

Shares of Duolingo stock traded down $4.91 during trading on Friday, hitting $200.15. 6,564,230 shares of the company were exchanged, compared to its average volume of 490,075. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a fifty-two week low of $116.82 and a fifty-two week high of $245.87. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 588.69 and a beta of 0.83. The firm has a 50 day moving average price of $209.90 and a 200 day moving average price of $201.52.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $146.98 million. On average, equities analysts expect that Duolingo, Inc. will post 1.38 earnings per share 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.