Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,960 shares of the company’s stock after selling 30,144 shares during the period. Deutsche Bank AG owned 0.22% of Duolingo worth $32,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Norges Bank purchased a new position in Duolingo in the fourth quarter valued at approximately $152,296,000. T. Rowe Price Investment Management Inc. raised its holdings in Duolingo by 548.8% during 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 in the last quarter. Invesco Ltd. raised its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Duolingo by 36.6% during the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company’s stock worth $126,042,000 after buying an additional 104,114 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Up 2.6%

Shares of Duolingo stock opened at $531.46 on Wednesday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a fifty day moving average of $352.65 and a two-hundred day moving average of $347.61. The company has a market cap of $24.16 billion, a P/E ratio of 290.42 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) 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 analysts’ expectations of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue was up 37.6% compared to the same quarter last year. On average, analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the 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 completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock worth $38,594,200 over the last 90 days. Company insiders own 15.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Duolingo from $360.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. Evercore ISI raised their price target on Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC lifted their price target on Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $426.29.

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.