Algert Global LLC Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Algert Global LLC reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,243 shares of the company’s stock after selling 642 shares during the period. Algert Global LLC owned about 0.07% of Duolingo worth $8,247,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DUOL. Dragoneer Investment Group LLC acquired a new position in Duolingo during the 2nd quarter worth approximately $204,768,000. Teachers Retirement System of The State of Kentucky grew its holdings in Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after acquiring an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC grew its holdings in Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after acquiring an additional 1,760 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Duolingo by 73.6% during 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 in the last quarter. Finally, State of Michigan Retirement System acquired a new position in Duolingo during the 2nd quarter worth approximately $1,857,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Up 3.0 %

Shares of NASDAQ:DUOL opened at $351.97 on Friday. The stock has a market cap of $15.48 billion, a P/E ratio of 192.33 and a beta of 0.79. The firm has a fifty day moving average price of $292.46 and a 200 day moving average price of $228.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $352.39.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during 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%. Duolingo’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Sell-side analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on DUOL. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Bank of America upped their target price on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,432,288.64. This represents a 13.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,783 shares of company stock worth $12,156,296. 18.30% of the stock is owned by insiders.

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.