International Assets Investment Management LLC Sells 79 Shares of Duolingo, Inc. $DUOL

International Assets Investment Management LLC lowered its stake in Duolingo, Inc. (NASDAQ:DUOL) by 6.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,243 shares of the company’s stock after selling 79 shares during the quarter. International Assets Investment Management LLC’s holdings in Duolingo were worth $510,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its stake in Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after purchasing an additional 520,069 shares in the last quarter. Invesco Ltd. increased its stake in Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after purchasing an additional 261,212 shares in the last quarter. Nuveen LLC bought a new stake in Duolingo during the 1st quarter valued at $42,950,000. 1832 Asset Management L.P. increased its stake in Duolingo by 746.9% during the 1st quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock valued at $42,606,000 after purchasing an additional 121,000 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Duolingo by 123.8% during the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock valued at $61,478,000 after purchasing an additional 111,589 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

NASDAQ DUOL opened at $317.61 on Wednesday. Duolingo, Inc. has a 1 year low of $256.63 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 130.70, a PEG ratio of 2.06 and a beta of 0.86. The company has a fifty day moving average price of $313.06 and a 200-day moving average price of $381.02.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 41.5% compared to the same quarter last year. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DUOL. Baird R W upgraded shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Needham & Company LLC restated a “buy” rating and set a $460.00 price target on shares of Duolingo in a research note on Wednesday, September 17th. Morgan Stanley boosted their price target on shares of Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Robert W. Baird began coverage on shares of Duolingo in a research note on Friday, September 5th. They set a “neutral” rating and a $280.00 price target for the company. Finally, Citigroup decreased their price target on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $414.05.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $321.63, for a total value of $3,216,300.00. Following the transaction, the insider directly owned 72 shares of the company’s stock, valued at approximately $23,157.36. The trade was a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,515 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total transaction of $486,860.40. Following the completion of the transaction, the general counsel directly owned 32,638 shares in the company, valued at $10,488,547.68. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,791 shares of company stock worth $23,315,001. 18.30% of the stock is owned by insiders.

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.