Hillsdale Investment Management Inc. Cuts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Hillsdale Investment Management Inc. lowered its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,700 shares of the company's stock after selling 7,950 shares during the period. Hillsdale Investment Management Inc.'s holdings in Duolingo were worth $5,090,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC grew its holdings in Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock valued at $1,826,000 after purchasing an additional 30 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock valued at $299,000 after buying an additional 32 shares during the last quarter. Atria Investments Inc raised its holdings in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company's stock worth $334,000 after buying an additional 39 shares during the period. Lisanti Capital Growth LLC lifted its stake in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock worth $3,789,000 after acquiring an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after acquiring an additional 42 shares during the period. 91.59% of the stock is owned by institutional investors.

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Duolingo Stock Up 2.1 %

Shares of DUOL stock traded up $7.05 during trading hours on Tuesday, reaching $337.05. 290,887 shares of the company's stock were exchanged, compared to its average volume of 702,187. The stock has a market cap of $15.25 billion, a PE ratio of 184.68 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock's fifty day moving average price is $347.86 and its two-hundred day moving average price is $321.31.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gillian Munson sold 5,000 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the sale, the director now owns 3,530 shares in the company, valued at approximately $1,094,300. This represents a 58.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,499 shares of company stock worth $32,677,268 over the last three months. 18.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DUOL shares. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. Finally, UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus price target of $376.25.

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.