Jacobs Levy Equity Management Inc. Sells 500 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,507 shares of the company’s stock after selling 500 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Duolingo were worth $47,804,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in Duolingo during the third quarter valued at $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the third quarter worth about $29,000. Larson Financial Group LLC purchased a new position in shares of Duolingo during the 2nd quarter valued at about $31,000. Blue Trust Inc. bought a new position in shares of Duolingo during the 2nd quarter valued at approximately $32,000. Finally, GAMMA Investing LLC increased its holdings in Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DUOL has been the subject of a number of recent analyst reports. UBS Group upped their price target 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 increased their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Five research 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. According to data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.33.

Insider Transactions at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now owns 139,760 shares in the company, valued at approximately $29,001,597.60. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,319 shares of company stock worth $5,134,526. 18.30% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $360.98 on Wednesday. The firm has a fifty day simple moving average of $303.70 and a two-hundred day simple moving average of $235.06. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $364.95. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $15.88 billion, a P/E ratio of 197.26 and a beta of 0.85.

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