Los Angeles Capital Management LLC Has $10.99 Million Holdings in Duolingo, Inc. $DUOL

Los Angeles Capital Management LLC lessened its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 41.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,590 shares of the company’s stock after selling 45,146 shares during the period. Los Angeles Capital Management LLC’s holdings in Duolingo were worth $10,985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in Duolingo by 31.8% during the 3rd quarter. Citigroup Inc. now owns 259,666 shares of the company’s stock worth $83,571,000 after buying an additional 62,614 shares during the period. Intech Investment Management LLC raised its holdings in Duolingo by 967.3% during the 3rd quarter. Intech Investment Management LLC now owns 48,926 shares of the company’s stock worth $15,746,000 after buying an additional 44,342 shares during the period. Baillie Gifford & Co. raised its holdings in Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after buying an additional 2,033,611 shares during the period. Mitchell Capital Management Co. acquired a new stake in Duolingo during the 3rd quarter worth about $4,589,000. Finally, GF Fund Management CO. LTD. acquired a new stake in Duolingo during the 3rd quarter worth about $6,366,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ DUOL opened at $117.96 on Tuesday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.50 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.69 and a beta of 0.89. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $509.48. The company has a 50 day moving average price of $104.05 and a two-hundred day moving average price of $131.16.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts predict that Duolingo, Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America restated a “neutral” rating and set a $100.00 price objective on shares of Duolingo in a report on Friday, February 27th. The Goldman Sachs Group cut their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Scotiabank reiterated a “sector perform” rating and issued a $100.00 target price (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $195.94.

Insiders Place Their Bets

In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,506 shares of company stock valued at $1,073,864 over the last ninety days. Corporate insiders own 16.62% of the company’s stock.

Duolingo 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.