Creative Planning Lowers Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Creative Planning cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 47.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,067 shares of the company’s stock after selling 1,865 shares during the period. Creative Planning’s holdings in Duolingo were worth $583,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter worth $204,768,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after buying an additional 12,860 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after buying an additional 154,659 shares during the period. Vanguard Group Inc. increased its holdings in Duolingo by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after buying an additional 67,004 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new stake in shares of Duolingo during the 2nd quarter valued at approximately $1,857,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares in the company, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,874 shares of company stock worth $15,332,342 over the last ninety days. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

DUOL opened at $290.65 on Tuesday. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $311.91. 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’s 50 day simple moving average is $262.16 and its 200 day simple moving average is $218.68. The stock has a market capitalization of $12.65 billion, a PE ratio of 207.61 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same period last year, the company posted $0.08 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, sell-side analysts expect that Duolingo, Inc. will post 1.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on DUOL shares. Bank of America lifted their price objective on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Evercore ISI raised Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $271.00 price objective on shares of Duolingo in a research note on Friday, August 30th. DA Davidson restated a “buy” rating and set a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. Finally, JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $277.22.

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.