Duolingo, Inc. (NASDAQ:DUOL) Stake Lessened by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in Duolingo, Inc. (NASDAQ:DUOL) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,412 shares of the company’s stock after selling 12,423 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of Duolingo worth $15,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new stake in Duolingo during the fourth quarter valued at approximately $1,994,000. Taika Capital LP acquired a new stake in Duolingo during the fourth quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. acquired a new stake in Duolingo during the fourth quarter valued at approximately $429,000. Bleakley Financial Group LLC lifted its stake in Duolingo by 6.1% during the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after purchasing an additional 57 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Duolingo by 8.2% during the fourth quarter. New York State Teachers Retirement System now owns 29,716 shares of the company’s stock valued at $9,635,000 after purchasing an additional 2,251 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $35,708.40. This represents a 99.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider now owns 118,805 shares in the company, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock worth $38,594,200 in the last quarter. 15.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUOL. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Needham & Company LLC upped their price target 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. Piper Sandler set a $375.00 price target on shares of Duolingo in a research report on Friday, May 2nd. Scotiabank upped their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a research report on Friday, May 2nd. Finally, Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a research report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $426.29.

Duolingo Stock Down 0.3%

DUOL stock opened at $529.05 on Friday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. 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 company has a market cap of $24.05 billion, a price-to-earnings ratio of 289.10 and a beta of 0.88. The company has a 50 day moving average of $367.70 and a two-hundred day moving average of $352.58.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The company’s revenue was up 37.6% on a year-over-year basis. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.