Mutual of America Capital Management LLC Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Mutual of America Capital Management LLC lowered its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,018 shares of the company’s stock after selling 217 shares during the period. Mutual of America Capital Management LLC’s holdings in Duolingo were worth $6,490,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Duolingo in the 4th quarter worth approximately $58,000. Proficio Capital Partners LLC bought a new position in shares of Duolingo in the fourth quarter worth approximately $3,890,000. Oppenheimer & Co. Inc. bought a new position in shares of Duolingo in the fourth quarter worth approximately $995,000. New York Life Investment Management LLC purchased a new position in shares of Duolingo in the fourth quarter worth $1,278,000. Finally, Amalgamated Bank raised its holdings in Duolingo by 0.9% during the 4th quarter. Amalgamated Bank now owns 18,516 shares of the company’s stock valued at $6,003,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 2,667 shares of the firm’s stock in a transaction 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 owns 129,572 shares of the company’s stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,639 shares of company stock worth $105,445,057. Insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Needham & Company LLC boosted their price target on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday. UBS Group increased their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. Finally, The Goldman Sachs Group upped their target price on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $375.00.

Duolingo Price Performance

DUOL opened at $295.23 on Tuesday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. The stock has a fifty day simple moving average of $358.86 and a two-hundred day simple moving average of $312.43. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

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

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.