SBI Securities Co. Ltd. Boosts Stock Position in Duolingo, Inc. $DUOL

SBI Securities Co. Ltd. increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 217.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,674 shares of the company’s stock after buying an additional 4,570 shares during the period. SBI Securities Co. Ltd.’s holdings in Duolingo were worth $2,148,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Kiker Wealth Management LLC purchased a new position in shares of Duolingo in the 2nd quarter worth $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Duolingo during the 3rd quarter valued at about $32,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Duolingo in the 2nd quarter valued at about $40,000. Farther Finance Advisors LLC grew its position in Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after acquiring an additional 60 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in Duolingo by 8,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after acquiring an additional 178 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUOL. Barclays lowered their price objective on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Citizens Jmp downgraded Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. DA Davidson reduced their target price on shares of Duolingo from $205.00 to $170.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 27th. Finally, Needham & Company LLC dropped their price target on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Duolingo currently has a consensus rating of “Hold” and a consensus price target of $300.25.

Duolingo Stock Performance

DUOL stock opened at $114.34 on Friday. Duolingo, Inc. has a twelve month low of $112.41 and a twelve month high of $544.93. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.63 and a beta of 0.86. The business’s fifty day simple moving average is $169.89 and its two-hundred day simple moving average is $251.17. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its 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 during the quarter, compared to analyst estimates of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. Analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,471 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.79, for a total value of $434,377.09. Following the transaction, the insider directly owned 111,166 shares in the company, valued at $19,541,871.14. This represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 1,514 shares of Duolingo stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total transaction of $266,267.18. Following the sale, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. This represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,169 shares of company stock valued at $5,826,651 in the last quarter. Corporate insiders own 15.67% of the company’s stock.

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.