Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,508 shares of the company’s stock after selling 18,924 shares during the period. Goldman Sachs Group Inc. owned about 0.63% of Duolingo worth $59,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $1,411,000. Raymond James & Associates acquired a new stake in Duolingo in the fourth quarter worth $4,211,000. Cerity Partners LLC lifted its stake in Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after buying an additional 45,157 shares during the last quarter. UBS Group AG boosted its holdings in shares of Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock valued at $8,067,000 after acquiring an additional 15,404 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of Duolingo by 163.9% during the fourth quarter. Trexquant Investment LP now owns 29,441 shares of the company’s stock valued at $6,679,000 after acquiring an additional 18,285 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $218.42, for a total value of $2,184,200.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at $15,726.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $218.42, for a total value of $2,184,200.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $15,726.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 12,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.40, for a total transaction of $2,620,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,198 shares of company stock worth $14,719,998. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Down 0.0 %

Shares of Duolingo stock opened at $211.83 on Wednesday. Duolingo, Inc. has a 12-month low of $121.89 and a 12-month high of $251.30. The firm has a market capitalization of $9.13 billion, a PE ratio of 218.20 and a beta of 0.72. 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’s fifty day moving average is $202.55 and its 200-day moving average is $207.69.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DUOL. The Goldman Sachs Group lifted their price target on Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target for the company. DA Davidson assumed coverage on shares of Duolingo in a report on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective for the company. Finally, Barclays dropped their target price on Duolingo from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.70.

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.