Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,243 shares of the company’s stock after selling 642 shares during the period. Algert Global LLC’s holdings in Duolingo were worth $8,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Duolingo by 27.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 126,301 shares of the company’s stock valued at $27,859,000 after acquiring an additional 27,048 shares in the last quarter. Tidal Investments LLC raised its holdings in Duolingo by 30.9% in the first quarter. Tidal Investments LLC now owns 4,360 shares of the company’s stock valued at $962,000 after acquiring an additional 1,030 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Duolingo by 7.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 54,254 shares of the company’s stock valued at $11,967,000 after acquiring an additional 3,750 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on DUOL shares. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America upped their price target on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group upped their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment 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 company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

Duolingo Stock Up 3.0 %

DUOL stock opened at $351.97 on Friday. 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, Inc. has a 1-year low of $145.05 and a 1-year high of $352.39. The firm has a fifty day moving average price of $292.46 and a two-hundred day moving average price of $228.20. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 192.33 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Research analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,783 shares of company stock worth $12,156,296. 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.