Charles Schwab Investment Management Inc. Has $63.51 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Charles Schwab Investment Management Inc. increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 279,969 shares of the company's stock after purchasing an additional 7,863 shares during the period. Charles Schwab Investment Management Inc. owned 0.67% of Duolingo worth $63,511,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Duolingo during the 3rd quarter worth about $432,000. Bank of New York Mellon Corp grew its stake in Duolingo by 22.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company's stock worth $21,183,000 after acquiring an additional 23,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Duolingo by 27.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company's stock valued at $913,000 after acquiring an additional 1,192 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Duolingo by 24.6% during the 3rd quarter. Mackenzie Financial Corp now owns 1,807 shares of the company's stock worth $286,000 after purchasing an additional 357 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Duolingo during the third quarter worth $12,124,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Down 0.7 %

Duolingo stock traded down $1.22 during trading on Thursday, reaching $176.08. 889,450 shares of the company's stock were exchanged, compared to its average volume of 795,377. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 182.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22. The company's 50-day moving average is $217.25 and its two-hundred day moving average is $208.34.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.27. The company had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The company's revenue was up 44.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. On average, analysts predict that Duolingo, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DUOL shares. Bank of America upped their target price on Duolingo from $230.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Barclays decreased their target price on shares of Duolingo from $243.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 9th. The Goldman Sachs Group upped their price target on shares of Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a research report on Thursday, February 29th. UBS Group lifted their price target on shares of Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 29th. Finally, Piper Sandler restated an "overweight" rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Duolingo has an average rating of "Hold" and an average price target of $244.63.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total transaction of $322,605.00. Following the sale, the insider now owns 126,005 shares of the company's stock, valued at approximately $27,099,895.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $215.07, for a total transaction of $322,605.00. Following the sale, the insider now directly owns 126,005 shares in the company, valued at approximately $27,099,895.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $235.18, for a total value of $1,881,440.00. Following the transaction, the chief financial officer now owns 64,523 shares of the company's stock, valued at $15,174,519.14. The disclosure for this sale can be found here. Insiders sold 123,223 shares of company stock valued at $26,893,230 over the last 90 days. 19.85% of the stock is owned by corporate insiders.

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.