Mutual of America Capital Management LLC Sells 217 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Mutual of America Capital Management LLC cut its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,018 shares of the company’s stock after selling 217 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Duolingo were worth $6,490,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DUOL. True Wealth Design LLC bought a new stake in shares of Duolingo in the third quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the fourth quarter worth approximately $31,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter worth approximately $29,000. Global Retirement Partners LLC grew its position in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Down 5.4 %

DUOL opened at $295.23 on Tuesday. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. 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 firm’s fifty day moving average is $358.86 and its 200 day moving average is $312.43. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate 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 net margin of 12.59% and a return on equity of 11.74%. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,639 shares of company stock valued at $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of research reports. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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 report on Monday. Bank of America lowered 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 research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group upped their target price on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

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.