Thrivent Financial for Lutherans Sells 142 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Thrivent Financial for Lutherans trimmed its stake in Duolingo, Inc. (NASDAQ:DUOL) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,795 shares of the company’s stock after selling 142 shares during the period. Thrivent Financial for Lutherans’ holdings in Duolingo were worth $2,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Blue Trust Inc. acquired a new position in Duolingo in the second quarter valued at about $32,000. Larson Financial Group LLC acquired a new position in Duolingo in the second quarter valued at about $31,000. GAMMA Investing LLC grew its stake in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo during the second quarter worth approximately $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Duolingo stock opened at $353.53 on Wednesday. The company has a market cap of $15.55 billion, a PE ratio of 193.19 and a beta of 0.79. 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 $364.95. The company’s 50-day moving average is $294.74 and its two-hundred day moving average is $229.12.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period in the prior year, the business posted $0.06 earnings per share. Duolingo’s revenue was up 39.9% compared to the same quarter last year. Equities analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on 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 directly owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the transaction, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. The trade was a 35.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,783 shares of company stock valued at $12,156,296 in the last 90 days. 18.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America increased their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. UBS Group raised their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Piper Sandler upped their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Five research 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 company’s stock. According to data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus target price of $331.33.

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.