Voya Investment Management LLC Sells 10,060 Shares of Duolingo, Inc. $DUOL

Voya Investment Management LLC decreased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 38.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,186 shares of the company’s stock after selling 10,060 shares during the period. Voya Investment Management LLC’s holdings in Duolingo were worth $5,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its position in shares of Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after buying an additional 520,069 shares during the last quarter. Invesco Ltd. lifted its position in shares of Duolingo by 24.1% in the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after buying an additional 261,212 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock valued at $74,448,000 after buying an additional 239,167 shares during the last quarter. Nuveen LLC bought a new stake in shares of Duolingo during the first quarter worth approximately $42,950,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Duolingo by 746.9% during the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock worth $42,606,000 after acquiring an additional 121,000 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson cut Duolingo from a “buy” rating to a “neutral” rating and cut their price target for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Barclays boosted their price target on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. JMP Securities cut their price target on Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company initiated coverage on Duolingo in a research note on Monday, September 8th. They issued an “underweight” rating and a $239.00 price target for the company. Finally, UBS Group restated an “overweight” rating on shares of Duolingo in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $419.32.

Duolingo Stock Up 3.8%

Shares of NASDAQ:DUOL opened at $289.67 on Friday. The firm has a fifty day moving average price of $329.24 and a two-hundred day moving average price of $377.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a one year low of $256.22 and a one year high of $544.93. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 119.21, a PEG ratio of 1.86 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 2,533 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the transaction, the insider owned 122,112 shares in the company, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,444 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the transaction, the insider owned 120,080 shares in the company, valued at $39,509,922.40. The trade was a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,508 shares of company stock worth $23,716,221 over the last 90 days. Insiders own 15.67% of the company’s stock.

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.