SG Americas Securities LLC Increases Stock Position in Duolingo, Inc. $DUOL

SG Americas Securities LLC increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 3,247.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 77,904 shares of the company’s stock after buying an additional 75,577 shares during the period. SG Americas Securities LLC’s holdings in Duolingo were worth $13,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DUOL. Atlantic Union Bankshares Corp acquired a new stake in Duolingo during the 3rd quarter worth $32,000. Farther Finance Advisors LLC increased its stake in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after purchasing an additional 60 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duolingo in the third quarter valued at about $47,000. Cornerstone Planning Group LLC raised its holdings in shares of Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after buying an additional 178 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of Duolingo by 103.0% during the third quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $66,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 3,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total value of $402,392.95. Following the completion of the sale, the insider directly owned 115,380 shares of the company’s stock, valued at $13,096,783.80. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 3,986 shares of Duolingo stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the sale, the chief financial officer owned 31,631 shares in the company, valued at approximately $3,590,751.12. This trade represents a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,939 shares of company stock worth $1,676,291 in the last three months. 15.67% of the stock is currently owned by corporate insiders.

Duolingo Stock Down 2.8%

Shares of NASDAQ:DUOL opened at $95.35 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.66 and a beta of 0.90. The firm’s 50-day simple moving average is $114.72 and its 200-day simple moving average is $194.03. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a fifty-two week low of $91.61 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. The firm had revenue of $282.87 million during the quarter, compared to analysts’ expectations of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The firm’s quarterly revenue was up 35.0% compared to the same quarter last year. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DUOL. JPMorgan Chase & Co. reissued a “neutral” rating and set a $95.00 price target (down from $200.00) on shares of Duolingo in a report on Friday, February 27th. Evercore reaffirmed a “hold” rating and set a $114.00 price objective on shares of Duolingo in a research note on Friday, February 27th. Needham & Company LLC decreased their price objective on Duolingo from $300.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 27th. DA Davidson lowered their target price on Duolingo from $170.00 to $85.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. Finally, UBS Group set a $245.00 target price on Duolingo in a report on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.32.

Duolingo 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.