Duolingo, Inc. $DUOL Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Duolingo, Inc. (NASDAQ:DUOL) by 3,247.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,904 shares of the company’s stock after purchasing an additional 75,577 shares during the period. SG Americas Securities LLC owned about 0.17% of Duolingo worth $13,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Duolingo in the 3rd quarter valued at about $32,000. Farther Finance Advisors LLC increased its stake in shares of Duolingo by 82.2% during the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after buying an additional 60 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duolingo during the third quarter worth approximately $47,000. Cornerstone Planning Group LLC raised its holdings in Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 178 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Duolingo by 103.0% in the third quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $66,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Citigroup restated a “neutral” rating and issued a $101.00 price objective (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. UBS Group set a $245.00 price objective on shares of Duolingo in a research report on Monday, January 5th. Wells Fargo & Company lowered their target price on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Finally, Barclays dropped their target price on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $206.32.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 3,545 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total value of $402,392.95. Following the completion of the sale, the insider directly owned 115,380 shares of the company’s stock, valued at approximately $13,096,783.80. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 1,901 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total value of $215,307.26. Following the completion of the sale, the general counsel directly owned 30,545 shares of the company’s stock, valued at $3,459,526.70. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,939 shares of company stock valued at $1,676,291. 15.67% of the stock is owned by insiders.

Duolingo Trading Down 2.8%

NASDAQ DUOL opened at $95.35 on Friday. The firm’s fifty day moving average price is $114.72 and its 200 day moving average price is $194.03. Duolingo, Inc. has a 12 month low of $91.61 and a 12 month high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.66 and a beta of 0.90.

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

Duolingo Company 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.