International Assets Investment Management LLC Has $510,000 Position in Duolingo, Inc. $DUOL

International Assets Investment Management LLC reduced its stake in Duolingo, Inc. (NASDAQ:DUOL) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,243 shares of the company’s stock after selling 79 shares during the period. International Assets Investment Management LLC’s holdings in Duolingo were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC boosted its stake in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Duolingo in the 1st quarter valued at approximately $28,000. Brooklyn Investment Group boosted its stake in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of Duolingo in the 2nd quarter valued at approximately $31,000. Finally, Whittier Trust Co. acquired a new stake in shares of Duolingo in the 1st quarter valued at approximately $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUOL has been the topic of several recent research reports. KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price on the stock in a research report on Monday, August 18th. Robert W. Baird initiated coverage on shares of Duolingo in a research report on Friday, September 5th. They set a “neutral” rating and a $280.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of Duolingo in a research report on Monday, September 8th. They set an “underweight” rating and a $239.00 target price on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of Duolingo from $515.00 to $465.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $414.05.

Duolingo Stock Up 1.6%

Shares of NASDAQ DUOL opened at $317.61 on Wednesday. The company has a market capitalization of $14.55 billion, a P/E ratio of 130.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. Duolingo, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93. 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 company’s 50 day moving average price is $313.06 and its 200-day moving average price is $381.02.

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

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the sale, the chief financial officer owned 43,345 shares in the company, valued at $13,757,269.55. The trade was a 20.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $344.56, for a total transaction of $3,445,600.00. Following the completion of the sale, the insider owned 72 shares of the company’s stock, valued at $24,808.32. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,791 shares of company stock valued at $23,315,001 in the last ninety days. 18.30% of the stock is owned by corporate insiders.

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.