Versor Investments LP Lowers Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Versor Investments LP lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,009 shares of the company’s stock after selling 128 shares during the period. Versor Investments LP’s holdings in Duolingo were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DUOL. FMR LLC lifted its position in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after buying an additional 564,173 shares during the last quarter. Spyglass Capital Management LLC purchased a new position in shares of Duolingo during the third quarter worth approximately $38,512,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Duolingo in the 3rd quarter valued at $25,808,000. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares in the company, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DUOL. Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Piper Sandler lifted their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday. Barclays increased their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday. Needham & Company LLC lifted their price target on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Seven investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $375.00.

Duolingo Stock Performance

Shares of DUOL stock opened at $295.23 on Tuesday. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. The stock has a fifty day moving average of $358.86 and a 200 day moving average of $312.43. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. 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 posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. As a group, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.