Sei Investments Co. trimmed its stake in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 16.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,805 shares of the company’s stock after selling 5,733 shares during the quarter. Sei Investments Co. owned about 0.07% of Duolingo worth $6,574,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in DUOL. Discovery Value Fund acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $27,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $73,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $92,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Duolingo in the 4th quarter valued at approximately $106,000. 91.59% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, July 8th. The shares were sold at an average price of $196.24, for a total value of $294,360.00. Following the completion of the transaction, the insider now owns 145,782 shares in the company, valued at approximately $28,608,259.68. The disclosure for this sale can be found here. Insiders sold a total of 56,198 shares of company stock valued at $11,929,033 over the last quarter. Company insiders own 18.30% of the company’s stock.
Analysts Set New Price Targets
DUOL has been the subject of several recent analyst reports. Wolfe Research started coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC raised their price objective on Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (down from $282.00) on shares of Duolingo in a research note on Friday, May 10th. DA Davidson initiated coverage on Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Barclays dropped their price target on Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and an average target price of $246.70.
View Our Latest Research Report on DUOL
Duolingo Price Performance
Shares of NASDAQ:DUOL opened at $175.24 on Friday. The company has a market cap of $7.56 billion, a P/E ratio of 180.66 and a beta of 0.73. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The business has a fifty day simple moving average of $192.18 and a 200-day simple moving average of $202.51.
Duolingo (NASDAQ:DUOL – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Equities research analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current year.
Duolingo 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.
See Also
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