Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Shelton Capital Management

Shelton Capital Management cut its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,410 shares of the company’s stock after selling 63 shares during the period. Shelton Capital Management’s holdings in Duolingo were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its position in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Norges Bank bought a new position in shares of Duolingo in the fourth quarter valued at approximately $152,296,000. Invesco Ltd. boosted its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Duolingo by 33.5% in the 4th quarter. Federated Hermes Inc. now owns 351,231 shares of the company’s stock valued at $113,880,000 after acquiring an additional 88,218 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after buying an additional 76,875 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders have sold 99,332 shares of company stock valued at $33,442,107 in the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DUOL shares. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Needham & Company LLC boosted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo Trading Up 15.0 %

Shares of Duolingo stock opened at $337.40 on Thursday. 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 company’s 50-day moving average price is $341.50 and its 200-day moving average price is $328.01. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 184.37 and a beta of 0.91. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

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

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.