Duolingo, Inc. $DUOL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 49.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,464 shares of the company’s stock after selling 54,322 shares during the period. Pacer Advisors Inc. owned 0.12% of Duolingo worth $18,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DUOL. Bryce Point Capital LLC acquired a new position in Duolingo during the second quarter worth approximately $946,000. Vanguard Group Inc. raised its position in Duolingo by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after purchasing an additional 116,135 shares during the period. Los Angeles Capital Management LLC acquired a new position in Duolingo during the 2nd quarter worth approximately $14,377,000. Rhumbline Advisers boosted its stake in shares of Duolingo by 17.2% in the second quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock valued at $50,997,000 after purchasing an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. boosted its position in Duolingo by 117.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after buying an additional 14,219 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of DUOL stock opened at $181.66 on Friday. The company has a market cap of $8.40 billion, a P/E ratio of 23.02, a PEG ratio of 1.14 and a beta of 0.86. The business has a 50 day moving average of $213.39 and a two-hundred day moving average of $302.95. Duolingo, Inc. has a 52 week low of $166.27 and a 52 week high of $544.93. 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 announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The business had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was up 41.1% on a year-over-year basis. As a group, analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DUOL shares. Morgan Stanley set a $300.00 price target on shares of Duolingo in a research report on Thursday, November 6th. The Goldman Sachs Group reduced their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Wells Fargo & Company dropped their target price on shares of Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. Citigroup lowered shares of Duolingo from a “buy” rating to a “market perform” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 22nd. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo has a consensus rating of “Hold” and an average target price of $329.44.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total value of $1,727,400.00. Following the sale, the insider directly owned 72 shares in the company, valued at $12,437.28. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total transaction of $266,267.18. Following the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 66,452 shares of company stock valued at $15,846,732. 15.67% of the stock is owned by corporate insiders.

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.