SG Americas Securities LLC Cuts Position in Duolingo, Inc. $DUOL

SG Americas Securities LLC cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 70.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,327 shares of the company’s stock after selling 5,534 shares during the quarter. SG Americas Securities LLC’s holdings in Duolingo were worth $749,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Duolingo during the second quarter valued at about $192,965,000. AQR Capital Management LLC boosted its holdings in Duolingo by 105.9% during the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock valued at $170,249,000 after acquiring an additional 213,529 shares during the period. Man Group plc grew its position in Duolingo by 248.5% during the 2nd quarter. Man Group plc now owns 211,344 shares of the company’s stock worth $86,655,000 after acquiring an additional 150,695 shares during the last quarter. Vanguard Group Inc. increased its stake in Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after purchasing an additional 116,135 shares during the period. Finally, Citigroup Inc. lifted its position in Duolingo by 129.8% in the second quarter. Citigroup Inc. now owns 197,052 shares of the company’s stock valued at $80,795,000 after purchasing an additional 111,310 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $18,945.36. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 2,534 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $177.95, for a total value of $450,925.30. Following the completion of the sale, the insider owned 113,637 shares of the company’s stock, valued at $20,221,704.15. The trade was a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,169 shares of company stock worth $8,457,951 over the last quarter. Company insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DUOL shares. Morgan Stanley decreased their price objective on shares of Duolingo from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Citizens Jmp downgraded Duolingo from a “market outperform” rating to a “hold” rating in a report on Thursday, November 6th. KeyCorp lowered Duolingo from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 6th. DA Davidson cut their price objective on Duolingo from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $303.50.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $148.58 on Wednesday. The company has a market capitalization of $6.87 billion, a PE ratio of 18.83, a PEG ratio of 0.79 and a beta of 0.87. The business has a fifty day moving average price of $179.86 and a 200-day moving average price of $269.65. Duolingo, Inc. has a 1-year low of $147.70 and a 1-year high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. The firm had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.