SG Americas Securities LLC Has $1.09 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

SG Americas Securities LLC lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,345 shares of the company’s stock after selling 1,085 shares during the quarter. SG Americas Securities LLC’s holdings in Duolingo were worth $1,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares during the last quarter. Spyglass Capital Management LLC acquired a new stake in shares of Duolingo during the 3rd quarter worth approximately $38,512,000. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after buying an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in Duolingo in the third quarter valued at approximately $25,808,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Needham & Company LLC increased their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. UBS Group boosted their target price on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler increased their price target on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Performance

Shares of DUOL opened at $350.72 on Wednesday. The firm has a market cap of $15.43 billion, a P/E ratio of 191.65 and a beta of 0.87. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm’s 50 day moving average price is $340.10 and its two-hundred day moving average price is $276.65.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. On average, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 4,464 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now owns 63,266 shares of the company’s stock, valued at $19,837,054.30. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock valued at $95,033,738 over the last three months. Company insiders own 18.30% of the company’s stock.

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.