Wellington Management Group LLP Sells 7,178 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Wellington Management Group LLP lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 69.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,115 shares of the company’s stock after selling 7,178 shares during the quarter. Wellington Management Group LLP’s holdings in Duolingo were worth $1,010,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DUOL. MML Investors Services LLC bought a new position in Duolingo during the third quarter valued at $1,301,000. Barclays PLC grew its holdings in Duolingo by 90.9% during the 3rd quarter. Barclays PLC now owns 42,613 shares of the company’s stock valued at $12,018,000 after purchasing an additional 20,289 shares during the last quarter. Geode Capital Management LLC grew its holdings in Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after purchasing an additional 16,481 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Duolingo in the third quarter worth about $199,000. Finally, Tidal Investments LLC boosted its position in shares of Duolingo by 8.0% during the third 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 period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUOL. UBS Group reduced their price target on Duolingo from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group upped their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Piper Sandler boosted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. dropped their target price on shares of Duolingo from $410.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays lifted their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo Price Performance

DUOL opened at $329.35 on Monday. The firm has a market capitalization of $14.90 billion, a PE ratio of 179.97 and a beta of 0.91. 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 50-day moving average is $339.41 and its two-hundred day moving average is $328.98. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,868 shares of company stock worth $32,042,420 in the last ninety days. 18.30% of the stock is owned by 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.