Great Lakes Advisors LLC Sells 9,607 Shares of Duolingo, Inc. $DUOL

Great Lakes Advisors LLC cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 49.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,866 shares of the company’s stock after selling 9,607 shares during the period. Great Lakes Advisors LLC’s holdings in Duolingo were worth $3,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Duolingo by 1.4% during the 2nd quarter. US Bancorp DE now owns 1,968 shares of the company’s stock worth $807,000 after acquiring an additional 28 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Duolingo by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock valued at $1,668,000 after buying an additional 30 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after purchasing an additional 32 shares during the period. Evergreen Capital Management LLC boosted its holdings in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after buying an additional 39 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Duolingo by 22.2% in the third quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 220 shares of the company’s stock worth $71,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Performance

Duolingo stock opened at $134.06 on Friday. Duolingo, Inc. has a twelve month low of $133.50 and a twelve month high of $544.93. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $174.72 and its 200 day moving average is $257.19. The company has a market capitalization of $6.20 billion, a P/E ratio of 16.99, a PEG ratio of 0.74 and a beta of 0.87.

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, topping analysts’ consensus estimates of $0.72 by $5.23. The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. Duolingo’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the transaction, the insider directly owned 72 shares of the company’s stock, valued at $18,945.36. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This trade represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,169 shares of company stock worth $8,457,951 over the last three months. Company insiders own 15.67% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of a number of analyst reports. BMO Capital Markets raised shares of Duolingo to a “buy” rating in a report on Monday, January 12th. Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Barclays decreased their price objective on Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. Finally, Citizens Jmp downgraded Duolingo from a “market outperform” rating to a “hold” rating in a report on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $301.75.

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.