Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,300 shares of the company’s stock after selling 100 shares during the quarter. Swiss National Bank’s holdings in Duolingo were worth $17,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new stake in shares of Duolingo in the second quarter valued at about $204,768,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after buying an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC raised its position in shares of Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after buying an additional 1,760 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new stake in shares of Duolingo during the 2nd quarter worth $1,857,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 3.0 %

NASDAQ:DUOL opened at $351.97 on Friday. 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 company has a market cap of $15.48 billion, a PE ratio of 192.33 and a beta of 0.79. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $352.39. The stock has a 50-day simple moving average of $292.46 and a 200 day simple moving average of $228.35.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm 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%. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. On average, sell-side analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their target price on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, UBS Group upped their price target on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $331.33.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 14,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,432,288.64. This trade represents a 13.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,783 shares of company stock worth $12,156,296 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.

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.