Cerity Partners LLC Boosts Stake in Duolingo, Inc. $DUOL

Cerity Partners LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,018 shares of the company’s stock after buying an additional 15,884 shares during the period. Cerity Partners LLC owned about 0.16% of Duolingo worth $23,500,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Duolingo during the 2nd quarter valued at $192,965,000. AQR Capital Management LLC lifted its position in shares of Duolingo by 105.9% during the second quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock worth $170,249,000 after purchasing an additional 213,529 shares during the last quarter. Man Group plc lifted its position in shares of Duolingo by 248.5% during the second quarter. Man Group plc now owns 211,344 shares of the company’s stock worth $86,655,000 after purchasing an additional 150,695 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after purchasing an additional 116,135 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Duolingo by 129.8% in the second quarter. Citigroup Inc. now owns 197,052 shares of the company’s stock worth $80,795,000 after purchasing an additional 111,310 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares in the company, valued at approximately $5,547,291.54. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 2,534 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $177.95, for a total transaction of $450,925.30. Following the completion of the sale, the insider owned 113,637 shares in the company, valued at $20,221,704.15. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,169 shares of company stock worth $11,605,151 over the last ninety days. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $176.66 on Friday. The firm has a 50 day moving average of $189.51 and a 200 day moving average of $283.57. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 0.92 and a beta of 0.87. Duolingo, Inc. has a 52 week low of $166.27 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. The business had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The business’s revenue was up 41.1% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DUOL shares. Wells Fargo & Company decreased their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. KeyCorp cut Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Needham & Company LLC lowered their target price on Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $309.75.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.