Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,818 shares of the company’s stock after selling 700 shares during the quarter. Great Lakes Advisors LLC owned 0.05% of Duolingo worth $7,398,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Assetmark Inc. increased its holdings in Duolingo by 11.1% during the 3rd quarter. Assetmark Inc. now owns 2,054 shares of the company’s stock valued at $579,000 after acquiring an additional 206 shares in the last quarter. Atria Investments Inc acquired a new position in Duolingo during the third quarter worth about $279,000. Versor Investments LP purchased a new stake in shares of Duolingo in the third quarter valued at about $321,000. Finally, Entropy Technologies LP acquired a new stake in shares of Duolingo in the third quarter valued at approximately $233,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares in the company, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold a total of 82,499 shares of company stock worth $29,162,568 over the last quarter. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Down 6.4 %

Shares of DUOL opened at $272.49 on Friday. The firm has a market cap of $12.33 billion, a PE ratio of 148.90 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $351.16 and its two-hundred day moving average is $315.21. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results 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). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on DUOL shares. The Goldman Sachs Group lifted their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Jefferies Financial Group assumed coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price 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. Seven 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. Based on data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $375.00.

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.