Corebridge Financial Inc. Has $14.04 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Corebridge Financial Inc. reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,303 shares of the company’s stock after selling 1,394 shares during the quarter. Corebridge Financial Inc.’s holdings in Duolingo were worth $14,040,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DUOL. Kensington Investment Counsel LLC grew its stake in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after buying an additional 30 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after acquiring an additional 39 shares during the period. Lisanti Capital Growth LLC increased its stake in Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after acquiring an additional 40 shares during the last quarter. Fifth Third Bancorp raised its position in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after purchasing an additional 42 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DUOL shares. JPMorgan Chase & Co. lifted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Price Performance

Shares of DUOL opened at $340.50 on Wednesday. The business has a 50-day moving average of $348.42 and a 200-day moving average of $322.25. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a market capitalization of $15.41 billion, a price-to-earnings ratio of 186.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares in the company, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,499 shares of company stock worth $32,677,268 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

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.