Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,601 shares of the company's stock after selling 30,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Duolingo worth $35,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company's stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. Dragoneer Investment Group LLC acquired a new position in Duolingo in the 2nd quarter worth approximately $204,768,000. American Century Companies Inc. increased its holdings in Duolingo by 25.1% in the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after buying an additional 100,167 shares during the period. Bank of New York Mellon Corp raised its position in Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company's stock worth $82,450,000 after buying an additional 238,990 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company's stock valued at $100,135,000 after acquiring an additional 353,918 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $8.38 during midday trading on Thursday, reaching $373.03. 583,435 shares of the company's stock traded hands, compared to its average volume of 691,113. The company has a fifty day simple moving average of $307.07 and a two-hundred day simple moving average of $237.24. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The company has a market cap of $16.41 billion, a P/E ratio of 203.84 and a beta of 0.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company's revenue was up 39.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts predict that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $303.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. JMP Securities lowered Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Piper Sandler upped their target price on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted 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. Finally, Bank of America upped 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.70.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now owns 139,760 shares of the company's stock, valued at approximately $29,001,597.60. This represents a 1.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the insider now owns 147,053 shares of the company's stock, valued at approximately $39,704,310. The trade was a 3.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,319 shares of company stock worth $5,134,526. Insiders own 18.30% of the company's stock.

About Duolingo

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.