Securian Asset Management Inc. Sells 100 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Securian Asset Management Inc. cut its stake in Duolingo, Inc. (NASDAQ:DUOL) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,844 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Duolingo were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. State Street Corp lifted its holdings in shares of Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after acquiring an additional 36,923 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after acquiring an additional 16,481 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duolingo by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after acquiring an additional 4,171 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after acquiring an additional 76,875 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $24,251.04. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 82,499 shares of company stock worth $29,162,568 in the last quarter. 18.30% of the stock is owned by company insiders.

Duolingo Trading Up 4.1 %

DUOL opened at $283.54 on Friday. 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 stock has a market capitalization of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm has a 50-day moving average price of $350.03 and a two-hundred day moving average price of $316.48.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DUOL shares. Piper Sandler raised their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. JPMorgan Chase & Co. raised 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. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

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.