Bank of New York Mellon Corp Trims Position in Duolingo, Inc. $DUOL

Bank of New York Mellon Corp decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 34.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 283,495 shares of the company’s stock after selling 147,969 shares during the quarter. Bank of New York Mellon Corp’s holdings in Duolingo were worth $116,239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rise Advisors LLC raised its stake in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Duolingo by 20.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock valued at $48,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Duolingo by 16.3% in the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock valued at $76,000 after purchasing an additional 26 shares during the period. US Bancorp DE increased its holdings in shares of Duolingo by 1.4% in the second quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after purchasing an additional 28 shares during the period. Finally, New York Life Investment Management LLC raised its stake in shares of Duolingo by 0.7% during the second quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock worth $1,668,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $201.21 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a one year low of $182.00 and a one year high of $544.93. The firm has a market capitalization of $9.22 billion, a P/E ratio of 25.50, a PEG ratio of 1.28 and a beta of 0.83. The company’s fifty day moving average is $297.76 and its two-hundred day moving average is $376.65.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue was up 41.1% compared to the same quarter last year. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Duolingo from $465.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI set a $330.00 target price on shares of Duolingo and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird initiated coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price on the stock. KeyCorp cut shares of Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Duolingo has a consensus rating of “Hold” and an average target price of $340.53.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the sale, the insider owned 72 shares in the company, valued at $20,803.68. This represents a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the transaction, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 83,791 shares of company stock valued at $25,649,401. Corporate insiders own 15.67% 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.