Great Lakes Advisors LLC Sells 9,607 Shares of Duolingo, Inc. $DUOL

Great Lakes Advisors LLC lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 49.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,866 shares of the company’s stock after selling 9,607 shares during the quarter. Great Lakes Advisors LLC’s holdings in Duolingo were worth $3,175,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bryce Point Capital LLC acquired a new position in Duolingo in the 2nd quarter worth about $946,000. Vanguard Group Inc. grew its holdings in shares of Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after purchasing an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Duolingo in the 2nd quarter valued at approximately $14,377,000. Rhumbline Advisers boosted its position in Duolingo by 17.2% during the 2nd quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock worth $50,997,000 after buying an additional 18,210 shares during the period. Finally, Jefferies Financial Group Inc. grew its holdings in Duolingo by 117.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock worth $10,811,000 after acquiring an additional 14,219 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL opened at $134.06 on Friday. The firm has a market cap of $6.20 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. Duolingo, Inc. has a 52-week low of $133.50 and a 52-week high of $544.93. The business’s 50 day moving average price is $174.72 and its two-hundred day moving average price is $257.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. The company had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. Duolingo’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the sale, the general counsel directly owned 31,542 shares of the company’s stock, valued at $5,547,291.54. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total value of $537,649.84. Following the transaction, the chief financial officer directly 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. In the last 90 days, insiders have sold 43,169 shares of company stock valued at $8,457,951. 15.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several analyst reports. KeyCorp downgraded shares of Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. UBS Group set a $245.00 target price on Duolingo in a research report on Monday, January 5th. Evercore ISI set a $330.00 price target on Duolingo and gave the company an “outperform” rating in a research report on Thursday, November 6th. DA Davidson decreased their price target on Duolingo from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Twelve analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Duolingo presently has an average rating of “Hold” and an average target price of $301.75.

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.