Park Avenue Securities LLC Lowers Stake in Duolingo, Inc. (NASDAQ:DUOL)

Park Avenue Securities LLC cut its stake in Duolingo, Inc. (NASDAQ:DUOL) by 44.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,050 shares of the company’s stock after selling 837 shares during the period. Park Avenue Securities LLC’s holdings in Duolingo were worth $340,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC boosted its stake in Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after buying an additional 1,760 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in Duolingo during the third quarter valued at approximately $4,350,000. Finally, Diversified Trust Co purchased a new position in shares of Duolingo during the fourth quarter worth approximately $784,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 2.2 %

Shares of DUOL opened at $328.60 on Friday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $339.13 and its 200-day moving average price is $273.37. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now owns 72 shares in the company, valued at approximately $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 281,124 shares of company stock valued at $95,033,738 over the last quarter. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. DA Davidson increased their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group raised their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Needham & Company LLC raised their price target on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $355.36.

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.