Strategic Advocates LLC Cuts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Strategic Advocates LLC trimmed its position in Duolingo, Inc. (NASDAQ:DUOL) by 18.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 892 shares of the company’s stock after selling 205 shares during the period. Strategic Advocates LLC’s holdings in Duolingo were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Duolingo in the fourth quarter valued at about $1,803,000. R Squared Ltd acquired a new stake in Duolingo in the fourth quarter valued at about $55,000. FSC Wealth Advisors LLC purchased a new stake in Duolingo in the 4th quarter valued at approximately $59,000. Pacer Advisors Inc. increased its position in Duolingo by 362.3% during the 4th quarter. Pacer Advisors Inc. now owns 43,833 shares of the company’s stock worth $14,212,000 after purchasing an additional 34,351 shares during the period. Finally, KBC Group NV raised its stake in shares of Duolingo by 504.7% during the 4th quarter. KBC Group NV now owns 5,358 shares of the company’s stock worth $1,737,000 after buying an additional 4,472 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $363.28 on Friday. The company has a market cap of $15.98 billion, a P/E ratio of 198.51 and a beta of 0.87. The business has a fifty day simple moving average of $341.07 and a 200-day simple moving average of $277.82. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm’s revenue was up 39.9% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 4,464 shares of Duolingo stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the transaction, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 281,124 shares of company stock valued at $95,033,738. 18.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of recent analyst reports. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Barclays boosted their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Company 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.