Duolingo, Inc. $DUOL Shares Sold by Steadview Capital Management LLC

Steadview Capital Management LLC decreased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 24.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,155 shares of the company’s stock after selling 26,915 shares during the quarter. Duolingo comprises approximately 3.8% of Steadview Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Steadview Capital Management LLC owned approximately 0.18% of Duolingo worth $26,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Duolingo by 16.3% during the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after buying an additional 26 shares during the period. US Bancorp DE boosted its position in Duolingo by 1.4% during the second quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after acquiring an additional 28 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Duolingo by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock worth $1,668,000 after acquiring an additional 30 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after acquiring an additional 32 shares during the period. Finally, Evergreen Capital Management LLC raised its position in shares of Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DUOL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. Scotiabank lowered their price objective on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reduced their price target on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group dropped their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Jefferies Financial Group boosted their target price on Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $303.50.

Duolingo Trading Up 4.7%

DUOL opened at $153.70 on Friday. Duolingo, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $544.93. The firm has a market capitalization of $7.11 billion, a PE ratio of 19.48, a P/E/G ratio of 0.78 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The company’s 50-day moving average is $178.40 and its 200 day moving average is $267.99.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. During the same period in the previous year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Stephen C. Chen sold 1,514 shares of the firm’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. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 3,059 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the transaction, the chief financial officer owned 37,487 shares in the company, valued at approximately $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,169 shares of company stock valued at $8,457,951 in the last 90 days. Insiders own 15.67% of the company’s stock.

About Duolingo

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.