Charles Schwab Investment Management Inc. Has $63.51 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 279,969 shares of the company’s stock after buying an additional 7,863 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.67% of Duolingo worth $63,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. bought a new stake in Duolingo in the third quarter valued at approximately $432,000. Bank of New York Mellon Corp lifted its holdings in Duolingo by 22.9% during the third quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company’s stock worth $21,183,000 after acquiring an additional 23,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Duolingo by 27.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company’s stock valued at $913,000 after acquiring an additional 1,192 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Duolingo by 24.6% in the third quarter. Mackenzie Financial Corp now owns 1,807 shares of the company’s stock worth $286,000 after acquiring an additional 357 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Duolingo during the third quarter worth about $12,124,000. 91.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total value of $322,605.00. Following the transaction, the insider now directly owns 126,005 shares of the company’s stock, valued at $27,099,895.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the completion of the sale, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $15,174,519.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $215.07, for a total value of $322,605.00. Following the transaction, the insider now owns 126,005 shares in the company, valued at approximately $27,099,895.35. The disclosure for this sale can be found here. Insiders sold a total of 123,223 shares of company stock valued at $26,893,230 over the last ninety days. 19.85% of the stock is currently owned by company insiders.

Duolingo Stock Down 0.6 %

Shares of DUOL stock opened at $177.30 on Thursday. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 182.79 and a beta of 0.82. The firm’s 50-day moving average is $217.25 and its 200-day moving average is $208.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.22 and a current ratio of 3.22.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. Sell-side analysts predict that Duolingo, Inc. will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Needham & Company LLC upped their target price on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Bank of America lifted their price target on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (down from $282.00) on shares of Duolingo in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and a consensus target price of $244.63.

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.