Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 99.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321 shares of the company's stock after selling 353,742 shares during the quarter. International Assets Investment Management LLC's holdings in Duolingo were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its position in Duolingo by 60.2% during the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the company's stock worth $1,585,000 after buying an additional 2,855 shares during the period. American Century Companies Inc. lifted its holdings in shares of Duolingo by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after acquiring an additional 100,167 shares during the period. Federated Hermes Inc. boosted its position in shares of Duolingo by 1.5% in the second quarter. Federated Hermes Inc. now owns 274,434 shares of the company's stock worth $57,266,000 after acquiring an additional 4,139 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Duolingo in the second quarter valued at approximately $1,048,000. Finally, Dimensional Fund Advisors LP increased its position in Duolingo by 44.2% during the second quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company's stock worth $18,448,000 after purchasing an additional 27,090 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of research analyst reports. JMP Securities lowered shares of Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. DA Davidson lifted their target price on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $353.90.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company's stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 258,660 shares of company stock valued at $87,726,551. Insiders own 18.30% of the company's stock.

Duolingo Stock Down 1.4 %

Shares of DUOL traded down $4.47 during mid-day trading on Friday, reaching $318.67. 533,498 shares of the stock traded hands, compared to its average volume of 560,047. The stock has a fifty day simple moving average of $335.33 and a 200 day simple moving average of $264.91. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 174.14 and a beta of 0.85. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

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.