International Assets Investment Management LLC decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 99.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,321 shares of the company's stock after selling 353,742 shares during the quarter. International Assets Investment Management LLC's holdings in Duolingo were worth $430,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DUOL. FMR LLC increased its holdings in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after purchasing an additional 564,173 shares in the last quarter. State Street Corp raised its position in Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock valued at $303,530,000 after buying an additional 36,923 shares during the last quarter. Dragoneer Investment Group LLC bought a new stake in Duolingo in the 2nd quarter valued at approximately $204,768,000. Geode Capital Management LLC grew its stake in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock worth $189,790,000 after acquiring an additional 16,481 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Duolingo by 25.1% in the second quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock worth $104,117,000 after purchasing an additional 100,167 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Matthew Skaruppa sold 5,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the sale, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,660 shares of company stock worth $87,726,551. 18.30% of the stock is owned by corporate insiders.
A number of research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays lifted their target price on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Bank of America cut Duolingo from a "buy" rating to a "neutral" rating and increased their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $353.90.
Check Out Our Latest Report on Duolingo
Shares of NASDAQ DUOL opened at $318.67 on Friday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 174.14 and a beta of 0.85. The stock has a fifty day simple moving average of $335.33 and a two-hundred day simple moving average of $264.49. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48.
Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's quarterly revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current year.
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.
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