Virtu Financial LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

Virtu Financial LLC trimmed its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 42.2% during the third quarter, Holdings Channel reports. The firm owned 7,200 shares of the company’s stock after selling 5,247 shares during the quarter. Virtu Financial LLC’s holdings in Duolingo were worth $2,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DUOL. True Wealth Design LLC purchased a new stake in shares of Duolingo in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter valued at about $29,000. Larson Financial Group LLC purchased a new stake in Duolingo during the second quarter worth about $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the second quarter worth about $32,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo in the second quarter valued at approximately $36,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the topic of several recent research reports. Barclays upped their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Scotiabank assumed coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. UBS Group boosted their target price on Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC boosted their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $352.40.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, October 7th. The shares were sold at an average price of $280.91, for a total value of $421,365.00. Following the transaction, the insider now directly owns 138,260 shares of the company’s stock, valued at $38,838,616.60. The trade was a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the sale, the insider now owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. This represents a 3.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,319 shares of company stock valued at $5,377,256 over the last ninety days. Insiders own 18.30% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $339.52 on Friday. The business has a 50 day moving average price of $316.27 and a 200 day moving average price of $244.33. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 185.53 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s revenue was up 39.9% compared to the same quarter last year. Equities research analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

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.