Park Avenue Securities LLC Sells 837 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Park Avenue Securities LLC decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 44.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,050 shares of the company’s stock after selling 837 shares during the period. Park Avenue Securities LLC’s holdings in Duolingo were worth $340,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in Duolingo in the third quarter valued at about $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the third quarter worth about $29,000. Farther Finance Advisors LLC boosted its stake in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Duolingo during the 3rd quarter valued at approximately $68,000. Finally, ORG Partners LLC increased its position in Duolingo by 1,000.0% during the 4th quarter. ORG Partners LLC now owns 275 shares of the company’s stock worth $89,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 2.2 %

DUOL opened at $328.60 on Friday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The company’s 50-day moving average price is $339.13 and its two-hundred day moving average price is $273.37. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 179.56 and a beta of 0.87. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s revenue was up 39.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock valued at $95,033,738 over the last quarter. Company insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DUOL. Needham & Company LLC boosted their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Jefferies Financial Group started coverage on Duolingo in a report on Friday. They issued a “hold” rating and a $370.00 target price for the company. DA Davidson boosted their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.36.

About Duolingo

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.