American Century Companies Inc. Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

American Century Companies Inc. decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 496,185 shares of the company’s stock after selling 4,972 shares during the period. American Century Companies Inc.’s holdings in Duolingo were worth $160,878,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Duolingo during the 3rd quarter valued at $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo during the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $309.30 on Friday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company’s 50-day moving average is $347.58 and its 200 day moving average is $319.68. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. DA Davidson upped their price objective on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group set a $400.00 price objective on shares of Duolingo in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.25.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 9,020 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,499 shares of company stock valued at $32,677,268. 18.30% of the stock is owned by insiders.

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.