Robeco Institutional Asset Management B.V. Sells 18,059 Shares of Duolingo, Inc. $DUOL

Robeco Institutional Asset Management B.V. reduced its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 62.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,726 shares of the company’s stock after selling 18,059 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Duolingo were worth $3,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after buying an additional 411 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Duolingo by 123.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after acquiring an additional 48,451 shares during the last quarter. Focus Partners Wealth raised its position in shares of Duolingo by 28.3% during the 1st quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after acquiring an additional 446 shares during the last quarter. Strs Ohio acquired a new position in shares of Duolingo in the 1st quarter valued at $740,000. Finally, City Center Advisors LLC bought a new position in shares of Duolingo in the 2nd quarter worth $248,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

NASDAQ DUOL opened at $176.66 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.93 and a beta of 0.87. The business has a 50 day simple moving average of $189.51 and a 200 day simple moving average of $282.60. Duolingo, Inc. has a 52-week low of $166.27 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 earnings per share for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The company had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $260.14 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DUOL. Barclays cut their target price on Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Scotiabank cut their price target on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Morgan Stanley set a $300.00 target price on shares of Duolingo in a research note on Thursday, November 6th. Finally, Wells Fargo & Company reduced their price target on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and a consensus target price of $309.75.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 3,059 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the transaction, the chief financial officer directly owned 37,487 shares in the company, valued at approximately $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,534 shares of Duolingo stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $177.95, for a total value of $450,925.30. Following the completion of the sale, the insider directly owned 113,637 shares in the company, valued at approximately $20,221,704.15. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,169 shares of company stock worth $11,605,151 in the last 90 days. Company insiders own 15.67% of the company’s stock.

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.