Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 4.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,114 shares of the company's stock after selling 2,477 shares during the period. Westwood Holdings Group Inc. owned 0.11% of Duolingo worth $15,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lido Advisors LLC raised its position in Duolingo by 0.3% during the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock worth $3,276,000 after buying an additional 30 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Duolingo by 1.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock worth $914,000 after buying an additional 34 shares during the last quarter. Larson Financial Group LLC increased its stake in Duolingo by 24.4% during the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company's stock worth $62,000 after buying an additional 39 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Duolingo by 20.4% in the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock worth $97,000 after acquiring an additional 53 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Duolingo by 90.1% during the first quarter. Signaturefd LLC now owns 135 shares of the company's stock worth $42,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the sale, the insider owned 72 shares of the company's stock, valued at $24,797.52. The trade was a 99.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 50,000 shares of company stock valued at $20,939,300 over the last ninety days. 15.67% of the stock is owned by corporate insiders.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded down $20.50 on Friday, hitting $370.34. The company had a trading volume of 3,837,642 shares, compared to its average volume of 1,427,050. The company has a current ratio of 2.81, a quick ratio of 2.68 and a debt-to-equity ratio of 0.10. The company has a market cap of $16.83 billion, a PE ratio of 152.40, a PEG ratio of 2.94 and a beta of 0.87. Duolingo, Inc. has a 52-week low of $178.87 and a 52-week high of $544.93. The business has a 50 day moving average of $410.89 and a 200 day moving average of $391.94.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%. The business's revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DUOL. Barclays raised their price target on shares of Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Scotiabank upped their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $454.20.

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.