Daiwa Securities Group Inc. Sells 58 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Daiwa Securities Group Inc. lessened its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 10.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 486 shares of the company’s stock after selling 58 shares during the period. Daiwa Securities Group Inc.’s holdings in Duolingo were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. boosted its position in shares of Duolingo by 0.8% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after purchasing an additional 72 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Duolingo by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock worth $647,000 after purchasing an additional 165 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in Duolingo in the 4th quarter valued at about $39,000. Victory Capital Management Inc. lifted its position in Duolingo by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock valued at $619,000 after acquiring an additional 232 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Duolingo by 0.7% in the 3rd quarter. California State Teachers Retirement System now owns 32,453 shares of the company’s stock valued at $5,383,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, CEO Ahn Luis Von sold 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Amy Bohutinsky sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.14, for a total transaction of $3,032,100.00. Following the completion of the sale, the director now owns 4,253 shares in the company, valued at approximately $859,701.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock worth $23,682,665 in the last quarter. Insiders own 19.85% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Bank of America raised their price target on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Barclays raised their price target on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC lifted their target price on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $245.13.

Duolingo Price Performance

Duolingo stock opened at $222.66 on Friday. Duolingo, Inc. has a 52 week low of $116.82 and a 52 week high of $245.87. The company’s 50 day moving average price is $212.79 and its two-hundred day moving average price is $203.19. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock has a market cap of $9.55 billion, a P/E ratio of 654.88 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. On average, equities analysts predict that Duolingo, Inc. will post 1.38 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.