Osterweis Capital Management Inc. Has $6.84 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Osterweis Capital Management Inc. lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 44.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,088 shares of the company’s stock after selling 16,861 shares during the quarter. Osterweis Capital Management Inc.’s holdings in Duolingo were worth $6,837,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. boosted its stake in Duolingo by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after purchasing an additional 70,705 shares during the last quarter. Invesco Ltd. increased its holdings in Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock valued at $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $152,296,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 3,482 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the sale, the insider now owns 127,251 shares of the company’s stock, valued at $40,668,147.09. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,868 shares of company stock worth $29,474,420. 18.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their target price on shares of Duolingo from $410.00 to $360.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Needham & Company LLC upped their price objective on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $372.92.

Duolingo Price Performance

NASDAQ DUOL opened at $326.40 on Thursday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.77 billion, a PE ratio of 178.36 and a beta of 0.91. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The firm’s 50-day simple moving average is $335.47 and its two-hundred day simple moving average is $329.28.

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). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.