Capital World Investors Sells 62,514 Shares of Duolingo, Inc. $DUOL

Capital World Investors cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,230,238 shares of the company’s stock after selling 62,514 shares during the period. Capital World Investors owned approximately 4.87% of Duolingo worth $717,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after acquiring an additional 116,135 shares during the period. Baillie Gifford & Co. raised its stake in shares of Duolingo by 28.6% during the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after purchasing an additional 628,943 shares during the period. State Street Corp lifted its stake in Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after purchasing an additional 6,109 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Duolingo by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock valued at $311,930,000 after acquiring an additional 23,356 shares during the last quarter. Finally, Norges Bank purchased a new position in Duolingo in the second quarter worth $192,965,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets raised shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Scotiabank reiterated a “sector perform” rating and set a $100.00 price target (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $95.00 target price (down from $200.00) on shares of Duolingo in a research report on Friday, February 27th. Morgan Stanley restated an “equal weight” rating and issued a $100.00 price objective (down from $245.00) on shares of Duolingo in a research note on Friday, February 27th. Finally, UBS Group set a $245.00 price target on Duolingo in a report on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Hold” and a consensus price target of $206.32.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,901 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total value of $215,307.26. Following the transaction, the general counsel directly owned 30,545 shares of the company’s stock, valued at $3,459,526.70. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 3,986 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total transaction of $452,490.72. Following the completion of the sale, the chief financial officer owned 31,631 shares of the company’s stock, valued at approximately $3,590,751.12. This trade represents a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,939 shares of company stock valued at $1,676,291 over the last quarter. 18.30% of the stock is owned by insiders.

Duolingo Stock Down 5.2%

NASDAQ:DUOL opened at $95.18 on Wednesday. The company’s 50 day moving average is $133.14 and its two-hundred day moving average is $211.24. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.40 billion, a PE ratio of 11.17, a P/E/G ratio of 0.70 and a beta of 0.90. Duolingo, Inc. has a twelve month low of $91.99 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The company had revenue of $282.87 million during the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The firm’s revenue was up 35.0% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

About Duolingo

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.