American Century Companies Inc. Reduces Stock Position in Duolingo, Inc. $DUOL

American Century Companies Inc. lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 309,665 shares of the company’s stock after selling 112,018 shares during the quarter. American Century Companies Inc. owned 0.68% of Duolingo worth $126,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new stake in shares of Duolingo during the first quarter valued at approximately $2,536,000. Avantax Advisory Services Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at about $215,000. Assetmark Inc. grew its position in shares of Duolingo by 18.4% in the 1st quarter. Assetmark Inc. now owns 2,695 shares of the company’s stock worth $837,000 after buying an additional 419 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Duolingo by 269.3% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 277 shares of the company’s stock worth $86,000 after buying an additional 202 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Duolingo by 12.7% during the 1st quarter. TD Asset Management Inc now owns 107,520 shares of the company’s stock worth $33,389,000 after acquiring an additional 12,138 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird assumed coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price target on the stock. UBS Group lowered their price objective on Duolingo from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, October 20th. Barclays reduced their target price on Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley set a $300.00 price target on Duolingo in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Duolingo in a research note on Wednesday, November 19th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Duolingo has a consensus rating of “Hold” and an average price target of $340.53.

Insider Activity

In related news, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the sale, the chief financial officer directly owned 37,487 shares in the company, valued at $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 86,452 shares of company stock valued at $21,421,632 in the last three months. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Stock Performance

NASDAQ DUOL opened at $172.47 on Tuesday. The firm has a market capitalization of $7.97 billion, a P/E ratio of 21.86, a PEG ratio of 1.09 and a beta of 0.83. The stock has a 50-day simple moving average of $274.56 and a two-hundred day simple moving average of $357.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a fifty-two week low of $166.27 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million for the quarter, compared to analyst estimates of $260.14 million. During the same period last year, the company earned $0.49 earnings per share. Duolingo’s revenue for the quarter was up 41.1% compared to the same quarter last year. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.