Duolingo, Inc. (NASDAQ:DUOL) Stake Reduced by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,441 shares of the company’s stock after selling 284 shares during the quarter. Duolingo comprises approximately 0.5% of Thompson Davis & CO. Inc.’s holdings, making the stock its 26th largest position. Thompson Davis & CO. Inc.’s holdings in Duolingo were worth $554,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new stake in shares of Duolingo in the third quarter valued at $39,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo during the fourth quarter worth $39,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Duolingo during the fourth quarter worth $92,000. Headlands Technologies LLC raised its position in shares of Duolingo by 814.3% during the fourth quarter. Headlands Technologies LLC now owns 640 shares of the company’s stock worth $145,000 after purchasing an additional 570 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of Duolingo during the third quarter worth $157,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

Shares of Duolingo stock traded down $3.19 on Tuesday, reaching $225.75. The stock had a trading volume of 642,007 shares, compared to its average volume of 725,349. Duolingo, Inc. has a fifty-two week low of $116.82 and a fifty-two week high of $245.87. The business’s 50-day moving average price is $214.59 and its two-hundred day moving average price is $204.24. The stock has a market cap of $9.68 billion, a P/E ratio of 663.99 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. On average, sell-side analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $178.67, for a total transaction of $1,429,360.00. Following the completion of the sale, the chief financial officer now directly owns 69,688 shares in the company, valued at approximately $12,451,154.96. The disclosure for this sale can be found here. Insiders have sold 113,223 shares of company stock valued at $23,682,665 in the last 90 days. 19.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. started coverage on Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price objective for the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Barclays boosted their price target on Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Finally, Bank of America lifted their target price on shares of Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $245.13.

About Duolingo

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.