Duolingo, Inc. $DUOL is Gilder Gagnon Howe & Co. LLC’s 8th Largest Position

Gilder Gagnon Howe & Co. LLC lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 592,717 shares of the company’s stock after selling 17,899 shares during the period. Duolingo makes up about 2.6% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 8th biggest position. Gilder Gagnon Howe & Co. LLC’s holdings in Duolingo were worth $243,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC grew its holdings in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Duolingo by 20.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock valued at $48,000 after purchasing an additional 26 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Duolingo by 16.3% in the 2nd quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after purchasing an additional 26 shares during the period. US Bancorp DE boosted its stake in shares of Duolingo by 1.4% during the second quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after purchasing an additional 28 shares in the last quarter. Finally, New York Life Investment Management LLC increased its holdings in Duolingo by 0.7% during the second quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock valued at $1,668,000 after buying an additional 30 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Down 2.3%

Duolingo stock opened at $196.28 on Friday. Duolingo, Inc. has a 1-year low of $166.27 and a 1-year high of $544.93. The business has a fifty day moving average price of $242.89 and a 200-day moving average price of $327.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.26 and a beta of 0.86.

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

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the transaction, the insider directly owned 72 shares of the company’s stock, valued at $20,803.68. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares of the company’s stock, valued at $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 76,452 shares of company stock worth $18,736,132 over the last 90 days. 15.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Baird R W upgraded Duolingo to a “hold” rating in a report on Friday, September 5th. Robert W. Baird assumed coverage on Duolingo in a research note on Friday, September 5th. They set a “neutral” rating and a $280.00 price objective for the company. Morgan Stanley set a $300.00 price objective on Duolingo in a research report on Thursday, November 6th. Finally, KeyCorp lowered Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Duolingo has an average rating of “Hold” and a consensus price target of $329.44.

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.