Principal Financial Group Inc. cut its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 11.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,855 shares of the company's stock after selling 19,964 shares during the quarter. Principal Financial Group Inc. owned 0.36% of Duolingo worth $44,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dragoneer Investment Group LLC bought a new position in shares of Duolingo during the second quarter valued at about $204,768,000. Teachers Retirement System of The State of Kentucky lifted its position in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company's stock valued at $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company's stock worth $80,459,000 after acquiring an additional 154,659 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company's stock worth $747,200,000 after buying an additional 67,004 shares during the period. Finally, State of Michigan Retirement System purchased a new position in shares of Duolingo in the second quarter worth $1,857,000. 91.59% of the stock is owned by institutional investors.
Insider Transactions at Duolingo
In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company's stock, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Meese sold 4,819 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the sale, the insider now owns 157,053 shares in the company, valued at approximately $37,695,861.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on DUOL shares. DA Davidson upped their price target on shares of Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America increased their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday. Needham & Company LLC boosted their target price on Duolingo from $310.00 to $370.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $325.44.
Read Our Latest Research Report on DUOL
Duolingo Price Performance
Shares of DUOL stock traded down $8.66 during midday trading on Monday, reaching $318.23. 650,558 shares of the company were exchanged, compared to its average volume of 702,071. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $330.61. The company has a market cap of $13.86 billion, a P/E ratio of 173.90 and a beta of 0.79. The company's 50 day moving average price is $272.96 and its two-hundred day moving average price is $222.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.09.
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm's revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.
About Duolingo
(
Free Report)
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.
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