Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in Duolingo, Inc. (NASDAQ:DUOL) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,020 shares of the company’s stock after selling 6,110 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Duolingo were worth $5,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Duolingo during the 4th quarter worth $84,042,000. Wellington Management Group LLP lifted its holdings in shares of Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after acquiring an additional 358,938 shares during the period. American Century Companies Inc. purchased a new stake in Duolingo in the third quarter valued at approximately $48,552,000. FMR LLC raised its stake in Duolingo by 37.9% during the third quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after purchasing an additional 280,051 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of Duolingo by 5.0% during the 3rd quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock valued at $744,529,000 after buying an additional 213,552 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the sale, the chief financial officer now owns 64,523 shares in the company, valued at $15,174,519.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction on Friday, March 1st. The shares were sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now owns 64,523 shares of the company’s stock, valued at $15,174,519.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy Bohutinsky sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $202.14, for a total transaction of $3,032,100.00. Following the sale, the director now directly owns 4,253 shares in the company, valued at $859,701.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,223 shares of company stock valued at $26,893,230. Insiders own 19.85% of the company’s stock.

Duolingo Stock Up 1.7 %

Shares of Duolingo stock traded up $3.06 on Friday, hitting $179.14. 794,736 shares of the company’s stock traded hands, compared to its average volume of 1,339,730. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.68 billion, a P/E ratio of 184.68 and a beta of 0.82. The firm’s 50-day moving average is $215.85 and its 200 day moving average is $209.23.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm’s revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. Equities analysts anticipate that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Analysts Set New Price Targets

DUOL has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $265.00 price target (down from $282.00) on shares of Duolingo in a research note on Friday, May 10th. The Goldman Sachs Group raised their target price on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research note on Thursday, February 29th. Bank of America upped their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Barclays cut their price objective on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 9th. Finally, Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $244.63.

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.