MetLife Investment Management LLC Sells 311 Shares of Duolingo, Inc. $DUOL

MetLife Investment Management LLC cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 22,678 shares of the company’s stock after selling 311 shares during the period. MetLife Investment Management LLC’s holdings in Duolingo were worth $7,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in Duolingo during the 1st quarter valued at $3,772,000. Encompass More Asset Management bought a new stake in Duolingo during the 1st quarter valued at $762,000. TD Asset Management Inc raised its position in shares of Duolingo by 12.7% in the 1st quarter. TD Asset Management Inc now owns 107,520 shares of the company’s stock worth $33,389,000 after acquiring an additional 12,138 shares in the last quarter. Jump Financial LLC raised its position in shares of Duolingo by 563.7% in the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after acquiring an additional 88,918 shares in the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of Duolingo in the 1st quarter worth $15,430,000. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Up 0.6%

Shares of NASDAQ:DUOL opened at $317.93 on Thursday. The business’s 50-day moving average is $368.63 and its 200 day moving average is $389.46. Duolingo, Inc. has a 1 year low of $202.38 and a 1 year high of $544.93. The firm has a market capitalization of $14.57 billion, a P/E ratio of 130.84, a P/E/G ratio of 2.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81.

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

Analyst Ratings Changes

Several research analysts have recently commented on DUOL shares. Evercore ISI boosted their price target on Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Citizens Jmp reduced their price target on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research report on Monday, July 28th. Morgan Stanley boosted their price target on Duolingo from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. KeyCorp raised Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price target for the company in a research report on Monday, August 18th. Finally, UBS Group reissued an “overweight” rating on shares of Duolingo in a research report on Thursday, May 22nd. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $451.35.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,533 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the sale, the insider owned 122,112 shares in the company, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,444 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $475,119.32. Following the sale, the insider owned 120,080 shares in the company, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,056 shares of company stock worth $27,035,566. 15.67% of the stock is owned by corporate insiders.

About Duolingo

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.