2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. cut its position in Duolingo, Inc. ( NASDAQ:DUOL – Free Report ) by 18.
6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,198 shares of the company’s stock after selling 7,374 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Duolingo were worth $10,440,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in DUOL. Vanguard Group Inc.
increased its stake in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc.
now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after acquiring an additional 70,705 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Duolingo by 1.6% in the 4th quarter.
Geode Capital Management LLC now owns 683,498 shares of the company’s stock valued at $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Norges Bank acquired a new stake in shares of Duolingo in the 4th quarter valued at $152,296,000. Charles Schwab Investment Management Inc.
increased its stake in shares of Duolingo by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 346,451 shares of the company’s stock valued at $112,330,000 after purchasing an additional 4,171 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Duolingo by 17.
1% during the 4th quarter. Franklin Resources Inc. now owns 239,249 shares of the company’s stock worth $77,572,000 after buying an additional 34,909 shares in the last quarter.
Institutional investors own 91.59% of the company’s stock. Duolingo Trading Up 0.
0 % Shares of DUOL stock opened at $326.50 on Friday. The stock has a market cap of $14.
77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91.
The stock has a 50-day moving average of $332.83 and a 200-day moving average of $329.90.
The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.
07. Duolingo, Inc. has a 1-year low of $145.
05 and a 1-year high of $441.77. Insider Activity at Duolingo In other Duolingo news, General Counsel Stephen C.
Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.
68. Following the completion of the transaction, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08.
The trade was a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.
76. Following the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16.
The trade was a 2.02 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold 94,868 shares of company stock worth $32,093,700 in the last quarter. Company insiders own 18.30% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have issued reports on the company. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.
00 target price on the stock. DA Davidson lifted their price target on shares of Duolingo from $400.00 to $410.
00 and gave the company a “buy” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Duolingo from $410.
00 to $360.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.
00 target price on the stock in a research note on Tuesday, March 18th. Finally, Piper Sandler increased their price target on Duolingo from $351.00 to $390.
00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $372.
92. View Our Latest Report on DUOL About Duolingo ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc.
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