Alliancebernstein L.P. Decreases Position in Duolingo, Inc. (NASDAQ:DUOL)

Alliancebernstein L.P. lessened its position in Duolingo, Inc. (NASDAQ:DUOL) by 59.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 307,194 shares of the company’s stock after selling 448,281 shares during the period. Alliancebernstein L.P. owned about 0.70% of Duolingo worth $99,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Kensington Investment Counsel LLC lifted its position in Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares in the last quarter. Atria Investments Inc increased its holdings in Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after buying an additional 39 shares in the last quarter. Lisanti Capital Growth LLC raised its position in Duolingo by 0.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after buying an additional 40 shares during the last quarter. Fifth Third Bancorp lifted its stake in Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after acquiring an additional 42 shares during the period. Finally, Smithfield Trust Co boosted its holdings in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DUOL shares. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Needham & Company LLC upped their price objective on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Scotiabank began coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price 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 research report on Friday, February 28th. Finally, UBS Group set a $400.00 price objective on shares of Duolingo in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $377.08.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the 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 transaction, the insider now directly owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,332 shares of company stock valued at $33,880,107. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Trading Up 3.1 %

Shares of Duolingo stock opened at $337.56 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a fifty day moving average of $346.76 and a 200 day moving average of $325.86. The company has a market capitalization of $15.27 billion, a P/E ratio of 184.46 and a beta of 0.92. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

Duolingo (NASDAQ:DUOL) last released its earnings results 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 return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo Company 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.