SG Americas Securities LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

SG Americas Securities LLC reduced its position in Duolingo, Inc. (NASDAQ:DUOLFree Report) by 67.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,081 shares of the company’s stock after selling 2,264 shares during the quarter. SG Americas Securities LLC’s holdings in Duolingo were worth $336,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Duolingo during the fourth quarter worth about $1,618,000. IFP Advisors Inc boosted its position in shares of Duolingo by 125.2% in the fourth quarter. IFP Advisors Inc now owns 259 shares of the company’s stock worth $84,000 after buying an additional 144 shares during the period. Amalgamated Bank boosted its position in shares of Duolingo by 0.9% in the fourth quarter. Amalgamated Bank now owns 18,516 shares of the company’s stock worth $6,003,000 after buying an additional 172 shares during the period. Finally, New York Life Investment Management LLC acquired a new stake in shares of Duolingo in the fourth quarter valued at about $1,278,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of analyst reports. Needham & Company LLC boosted their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays lifted their price target on shares of Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. Evercore ISI raised their target price on Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lifted their target price on Duolingo from $435.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $443.53.

Read Our Latest Research Report on Duolingo

Insiders Place Their Bets

In related news, insider Robert Meese sold 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the sale, the insider now owns 118,805 shares in the company, valued at $46,927,975. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $21,054.96. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,482 shares of company stock valued at $30,373,992 over the last 90 days. 15.67% of the stock is owned by company insiders.

Duolingo Stock Down 5.9%

Shares of Duolingo stock opened at $397.68 on Thursday. The business has a 50-day moving average price of $469.71 and a 200 day moving average price of $384.08. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The firm has a market cap of $18.07 billion, a P/E ratio of 195.90, a P/E/G ratio of 3.24 and a beta of 1.00. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOLGet Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The firm’s revenue for the quarter was up 37.6% compared to the same quarter last year. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOLFree Report).

Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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