OMERS ADMINISTRATION Corp Reduces Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

OMERS ADMINISTRATION Corp decreased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 61.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the company's stock after selling 6,600 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Duolingo were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Norges Bank purchased a new position in Duolingo in the 4th quarter worth $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its position in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Duolingo by 36.6% during the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock valued at $126,042,000 after buying an additional 104,114 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 2.2%

Shares of DUOL stock traded down $11.43 during trading hours on Wednesday, hitting $514.30. 840,602 shares of the company's stock traded hands, compared to its average volume of 718,257. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock's fifty day simple moving average is $377.35 and its two-hundred day simple moving average is $355.76. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 281.04 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $223.15 million. The company's quarterly revenue was up 37.6% on a year-over-year basis. On average, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DUOL shares. The Goldman Sachs Group boosted their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Barclays boosted their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley raised their price target on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Needham & Company LLC boosted their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group upped their price objective on shares of Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and an average price target of $426.29.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 9,020 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the sale, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,853 shares of company stock valued at $31,627,441. Insiders own 15.67% of the company's stock.

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.