Voya Investment Management LLC Sells 919 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Voya Investment Management LLC trimmed its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,246 shares of the company's stock after selling 919 shares during the quarter. Voya Investment Management LLC owned 0.06% of Duolingo worth $8,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Duolingo by 90.9% during the 3rd quarter. Barclays PLC now owns 42,613 shares of the company's stock worth $12,018,000 after purchasing an additional 20,289 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Duolingo by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock valued at $440,000 after buying an additional 115 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock worth $55,747,000 after purchasing an additional 76,875 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Duolingo by 60.1% in the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $185,000 after purchasing an additional 214 shares during the last quarter. Finally, Franchise Capital Ltd bought a new stake in Duolingo in the fourth quarter worth $2,971,000. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $86.42 during trading hours on Friday, reaching $486.42. The stock had a trading volume of 3,052,864 shares, compared to its average volume of 732,703. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business's fifty day moving average is $326.31 and its two-hundred day moving average is $336.50. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $487.00. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 265.80 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DUOL. The Goldman Sachs Group boosted their price target on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 target price for the company. Barclays increased their price target on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday. Evercore ISI upped their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday. Finally, JMP Securities reiterated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and an average target price of $422.50.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock valued at $37,549,300 in the last three months. Corporate insiders own 18.30% of the company's stock.

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.