Duolingo, Inc. $DUOL Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 72.8% in the third quarter, Holdings Channel reports. The firm owned 4,099 shares of the company’s stock after selling 10,987 shares during the period. Strs Ohio’s holdings in Duolingo were worth $1,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after buying an additional 116,135 shares during the period. State Street Corp raised its stake in shares of Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after acquiring an additional 6,109 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Duolingo by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock valued at $311,930,000 after acquiring an additional 23,356 shares in the last quarter. Norges Bank purchased a new stake in Duolingo during the 2nd quarter worth $192,965,000. Finally, AQR Capital Management LLC boosted its position in Duolingo by 105.9% during the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock worth $170,249,000 after purchasing an additional 213,529 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on DUOL. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and cut their price objective for the company from $301.00 to $250.00 in a research report on Monday, January 5th. Truist Financial set a $245.00 target price on Duolingo in a research note on Thursday, January 15th. The Goldman Sachs Group dropped their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. DA Davidson decreased their price target on Duolingo from $205.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Duolingo has an average rating of “Hold” and a consensus price target of $301.75.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 3,059 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the transaction, the chief financial officer directly owned 37,487 shares of the company’s stock, valued at $6,588,715.12. This trade represents a 7.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total transaction of $266,267.18. Following the completion of the sale, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,169 shares of company stock worth $8,457,951 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Trading Down 3.6%

NASDAQ:DUOL opened at $146.08 on Wednesday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 0.80 and a beta of 0.87. Duolingo, Inc. has a one year low of $142.10 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The business’s 50-day simple moving average is $176.70 and its 200 day simple moving average is $261.39.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. During the same quarter last year, the firm earned $0.49 EPS. Duolingo’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.