Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 429,958 shares of the company’s stock after selling 80,842 shares during the period. Bank of New York Mellon Corp owned 0.98% of Duolingo worth $139,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Duolingo during the fourth quarter worth $1,994,000. Lecap Asset Management Ltd. acquired a new position in Duolingo in the fourth quarter valued at $429,000. Charles Schwab Investment Management Inc. boosted its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after acquiring an additional 101,653 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in Duolingo in the third quarter valued at $4,350,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now directly 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. Insiders sold 305,639 shares of company stock valued at $105,445,057 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Duolingo Trading Down 17.0 %

NASDAQ DUOL opened at $312.07 on Friday. The stock has a market capitalization of $13.73 billion, a P/E ratio of 170.53 and a beta of 0.89. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The firm has a 50-day moving average price of $359.71 and a 200 day moving average price of $310.14. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

DUOL has been the subject of several research analyst reports. UBS Group upped their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. The Goldman Sachs Group upped their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.09.

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.