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

American Century Companies Inc. cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 496,185 shares of the company’s stock after selling 4,972 shares during the quarter. American Century Companies Inc. owned approximately 1.13% of Duolingo worth $160,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Duolingo by 1.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,370 shares of the company’s stock worth $2,714,000 after purchasing an additional 118 shares during the last quarter. Magnetar Financial LLC bought a new stake in Duolingo in the fourth quarter worth about $544,000. Teacher Retirement System of Texas raised its position in Duolingo by 156.5% in the fourth quarter. Teacher Retirement System of Texas now owns 10,471 shares of the company’s stock worth $3,395,000 after acquiring an additional 6,389 shares during the period. Harvest Fund Management Co. Ltd raised its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Finally, Xponance Inc. raised its position in Duolingo by 4.2% in the fourth quarter. Xponance Inc. now owns 7,580 shares of the company’s stock worth $2,458,000 after acquiring an additional 305 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the business’s 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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gillian Munson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares of the company’s stock, valued at approximately $1,094,300. This represents a 58.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,499 shares of company stock valued at $32,677,268 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DUOL. DA Davidson lifted their price objective on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Piper Sandler boosted their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $309.30 on Friday. The company has a 50 day moving average of $347.58 and a 200 day moving average of $319.68. The stock has a market cap of $13.99 billion, a P/E ratio of 169.02 and a beta of 0.92. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. 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 (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS 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.