Park Avenue Securities LLC Has $338,000 Holdings in Duolingo, Inc. $DUOL

Park Avenue Securities LLC trimmed its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 824 shares of the company’s stock after selling 71 shares during the period. Park Avenue Securities LLC’s holdings in Duolingo were worth $338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Duolingo in the first quarter valued at approximately $25,000. Rise Advisors LLC raised its position in shares of Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC bought a new position in Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group increased its position in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares during the period. Finally, Garde Capital Inc. acquired a new stake in Duolingo during the first quarter worth about $31,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Duolingo stock opened at $321.84 on Wednesday. The firm’s fifty day moving average price is $320.44 and its 200-day moving average price is $380.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market cap of $14.75 billion, a P/E ratio of 132.44, a price-to-earnings-growth ratio of 2.19 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was up 41.5% compared to the same quarter last year. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the transaction, the general counsel owned 32,638 shares in the company, valued at $10,488,547.68. This represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $268.55, for a total transaction of $2,685,500.00. Following the sale, the insider directly owned 72 shares of the company’s stock, valued at approximately $19,335.60. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,508 shares of company stock valued at $26,605,621 over the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. DA Davidson downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $500.00 to $300.00 in a research report on Thursday, September 4th. KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price target on the stock in a report on Monday, August 18th. Citigroup cut their price target on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Robert W. Baird started coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price on the stock. Finally, JMP Securities dropped their target price on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $419.32.

Duolingo Company 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.