UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $35.42 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 19.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 125,601 shares of the company’s stock after selling 30,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Duolingo were worth $35,422,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at about $204,768,000. FMR LLC raised its holdings in shares of Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the period. Finally, Hood River Capital Management LLC bought a new position in Duolingo in the 2nd quarter valued at about $26,919,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $280.91, for a total value of $421,365.00. Following the sale, the insider now owns 138,260 shares in the company, valued at $38,838,616.60. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the sale, the insider now owns 157,053 shares in the company, valued at $37,695,861.06. This represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,319 shares of company stock worth $5,134,526. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

NASDAQ DUOL opened at $364.65 on Thursday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 199.26 and a beta of 0.85. The firm’s 50 day simple moving average is $305.53 and its 200 day simple moving average is $236.34. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $370.17.

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

Analyst Ratings Changes

Several research firms have weighed in on DUOL. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America increased their price target on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. UBS Group increased 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. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Finally, Needham & Company LLC increased their price target on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.33.

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.