Green Alpha Advisors LLC Cuts Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Green Alpha Advisors LLC lowered its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,496 shares of the company’s stock after selling 468 shares during the quarter. Green Alpha Advisors LLC’s holdings in Duolingo were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DUOL. True Wealth Design LLC bought a new stake in Duolingo in the 3rd quarter worth about $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the 3rd quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo in the second quarter worth approximately $36,000. Farther Finance Advisors LLC raised its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Duolingo during the third quarter valued at approximately $68,000. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Piper Sandler upped their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. DA Davidson raised their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Barclays raised their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $353.90.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $336.23, for a total value of $3,362,300.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,660 shares of company stock worth $87,726,551 in the last three months. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $318.67 on Monday. The company has a market capitalization of $14.02 billion, a P/E ratio of 174.14 and a beta of 0.85. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $378.48. The firm’s 50 day simple moving average is $335.33 and its two-hundred day simple moving average is $264.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Duolingo’s quarterly revenue was up 39.9% compared to the same quarter last year. Research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

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.