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

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,451 shares of the company’s stock after selling 3,657 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Duolingo worth $9,549,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new position in shares of Duolingo during the 3rd quarter worth approximately $25,808,000. Lord Abbett & CO. LLC boosted its holdings in Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after buying an additional 70,705 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $20,492,000. Finally, WT Asset Management Ltd purchased a new stake in shares of Duolingo during the 4th quarter valued at approximately $20,264,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Down 5.4 %

Shares of NASDAQ DUOL opened at $315.00 on Friday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The stock has a market cap of $14.25 billion, a P/E ratio of 172.13 and a beta of 0.92. 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 business’s fifty day simple moving average is $347.74 and its 200-day simple moving average is $323.80.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data 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 net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. As a group, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DUOL shares. The Goldman Sachs Group raised their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. DA Davidson raised their price objective on Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Barclays lifted their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Seven investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $377.08.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares of the company’s stock, valued at $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Meese sold 5,351 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the completion of the transaction, the insider now owns 133,805 shares in the company, valued at approximately $42,820,276.10. The trade was a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,850 shares of company stock worth $34,389,695 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

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.