Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,451 shares of the company’s stock after selling 3,657 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Duolingo were worth $9,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new position in Duolingo during the third quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Global Retirement Partners LLC raised its position in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Finally, Smithfield Trust Co grew its position in Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after purchasing an additional 46 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Performance

Shares of DUOL opened at $315.00 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a 50-day simple moving average of $347.74 and a 200-day simple moving average of $323.80. The company has a market capitalization of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92.

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

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the completion of the sale, the chief financial officer now owns 67,730 shares in the company, valued at $21,977,030.40. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DUOL shares. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research note on Tuesday, March 18th. UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. The Goldman Sachs Group upped their price target on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, DA Davidson lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.08.

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.