Sei Investments Co. Trims Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Sei Investments Co. lowered its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,081 shares of the company’s stock after selling 8,724 shares during the quarter. Sei Investments Co.’s holdings in Duolingo were worth $4,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. increased its holdings in Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in Duolingo by 4.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after acquiring an additional 73 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after acquiring an additional 85 shares in the last quarter. Finally, Strategic Advocates LLC increased its holdings in Duolingo by 8.3% in the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after acquiring an additional 88 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Down 0.5 %

NASDAQ DUOL opened at $280.66 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The company has a market capitalization of $12.10 billion, a P/E ratio of 289.34 and a beta of 0.76. Duolingo, Inc. has a one year low of $140.16 and a one year high of $297.56. The stock has a 50 day moving average price of $212.33 and a 200-day moving average price of $206.76.

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

Insider Buying and Selling

In related news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now directly owns 95,731 shares in the company, valued at $15,939,211.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Duolingo news, insider Robert Meese sold 5,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the sale, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at approximately $15,939,211.50. The disclosure for this sale can be found here. Insiders sold a total of 88,374 shares of company stock worth $18,444,907 over the last three months. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DUOL shares. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC increased their price objective on shares of Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Barclays cut their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JMP Securities increased their price objective on shares of Duolingo from $260.00 to $275.00 and gave the company a “market outperform” rating in a report on Wednesday, September 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $255.50.

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.