Principal Financial Group Inc. Reduces Position in Duolingo, Inc. (NASDAQ:DUOL)

Principal Financial Group Inc. lowered its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,855 shares of the company's stock after selling 19,964 shares during the period. Principal Financial Group Inc. owned 0.36% of Duolingo worth $44,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the third quarter worth $29,000. Larson Financial Group LLC bought a new position in Duolingo in the second quarter worth $31,000. Blue Trust Inc. purchased a new position in Duolingo during the second quarter valued at $32,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $336.82, for a total value of $3,368,200.00. Following the transaction, the insider now owns 72 shares of the company's stock, valued at approximately $24,251.04. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold 250,160 shares of company stock worth $84,588,416 over the last three months. 18.30% of the stock is currently owned by company insiders.

Duolingo Stock Down 1.3 %

DUOL traded down $4.39 during trading on Monday, hitting $337.73. 373,753 shares of the company's stock traded hands, compared to its average volume of 688,172. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 184.55 and a beta of 0.85. The company's 50 day simple moving average is $322.88 and its two-hundred day simple moving average is $251.34. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. Duolingo's revenue was up 39.9% compared to the same quarter last year. Analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Piper Sandler raised their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their target price 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 downgraded Duolingo from a "buy" rating to a "neutral" rating and upped their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $353.90.

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.