XTX Topco Ltd Sells 443 Shares of Duolingo, Inc. (NASDAQ:DUOL)

XTX Topco Ltd lowered its position in Duolingo, Inc. (NASDAQ:DUOL) by 29.0% in the 3rd quarter, Holdings Channel reports. The fund owned 1,085 shares of the company’s stock after selling 443 shares during the quarter. XTX Topco Ltd’s holdings in Duolingo were worth $306,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DUOL. Blue Trust Inc. bought a new position in shares of Duolingo in the 2nd quarter worth approximately $32,000. Hennion & Walsh Asset Management Inc. increased its position in Duolingo by 13.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company’s stock valued at $730,000 after buying an additional 408 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after buying an additional 85 shares in the last quarter. Dakota Wealth Management bought a new position in Duolingo during the 2nd quarter valued at approximately $240,000. Finally, Fifth Third Bancorp bought a new position in Duolingo during the 2nd quarter valued at approximately $40,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

DUOL stock opened at $354.04 on Wednesday. The company has a market cap of $15.57 billion, a P/E ratio of 193.46 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s fifty day moving average price is $320.12 and its 200-day moving average price is $248.38.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. On average, equities analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on DUOL shares. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Piper Sandler increased their target price on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their target price on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $352.40.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders have sold a total of 245,160 shares of company stock worth $82,570,216 in the last ninety days. Insiders own 18.30% of the company’s stock.

Duolingo Company Profile

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.