Private Advisor Group LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

Private Advisor Group LLC lowered its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 22.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,075 shares of the company's stock after selling 2,861 shares during the quarter. Private Advisor Group LLC's holdings in Duolingo were worth $2,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. boosted its stake in Duolingo by 228.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company's stock valued at $133,000 after acquiring an additional 327 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Duolingo in the 3rd quarter valued at about $265,000. nVerses Capital LLC boosted its position in shares of Duolingo by 33.3% in the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company's stock valued at $113,000 after purchasing an additional 100 shares during the period. Vontobel Holding Ltd. purchased a new position in Duolingo during the 3rd quarter worth approximately $474,000. Finally, Redhawk Wealth Advisors Inc. increased its position in Duolingo by 5.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 8,007 shares of the company's stock worth $2,258,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Performance

NASDAQ DUOL traded up $4.57 on Tuesday, hitting $294.81. 360,884 shares of the company's stock were exchanged, compared to its average volume of 700,372. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The firm's 50-day moving average price is $255.44 and its two-hundred day moving average price is $215.97. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 210.58 and a beta of 0.79. Duolingo, Inc. has a fifty-two week low of $141.13 and a fifty-two week high of $297.56.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million during the quarter, compared to analysts' expectations of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. Duolingo's revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. On average, research analysts expect that Duolingo, Inc. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DUOL. Wolfe Research started coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a "peer perform" rating on the stock. DA Davidson restated a "buy" rating and issued a $250.00 price objective on shares of Duolingo in a research note on Tuesday, September 10th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $255.00 to $303.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Evercore ISI upgraded Duolingo to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Bank of America increased their price objective on Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and an average target price of $277.22.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company's stock, valued at approximately $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the transaction, the general counsel now owns 35,558 shares in the company, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Meese sold 5,000 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares in the company, valued at $40,490,787.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,374 shares of company stock valued at $18,571,912. Corporate insiders own 18.30% of the company's stock.

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.