Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its position in Duolingo, Inc. (NASDAQ:DUOL) by 59.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,528 shares of the company’s stock after selling 2,248 shares during the quarter. XTX Topco Ltd’s holdings in Duolingo were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DUOL. UBS Group AG grew its holdings in Duolingo by 76.4% during the 4th quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after purchasing an additional 15,404 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Duolingo by 73.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the last quarter. Mark Asset Management LP acquired a new stake in shares of Duolingo during the fourth quarter valued at about $6,797,000. Vanguard Group Inc. increased its position in shares of Duolingo by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after acquiring an additional 67,004 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in shares of Duolingo in the second quarter worth about $1,857,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the sale, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,374 shares of company stock valued at $22,019,727. Insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DUOL shares. Needham & Company LLC lifted their price objective on Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America raised their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research report on Wednesday. Wolfe Research assumed coverage on shares of Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. DA Davidson reissued a “buy” rating and set a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. Finally, Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.50.

Duolingo Trading Down 3.3 %

NASDAQ:DUOL opened at $277.96 on Friday. The firm has a market capitalization of $11.99 billion, a P/E ratio of 286.56 and a beta of 0.76. The business has a 50 day simple moving average of $206.15 and a 200 day simple moving average of $205.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $297.56.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Equities research analysts predict that Duolingo, Inc. will post 1.87 EPS for the current year.

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.