Jacobs Levy Equity Management Inc. Sells 104,568 Shares of Duolingo, Inc. $DUOL

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Duolingo by 61.1%, now holding 66,522 shares valued at approximately $20.7 million as of its latest SEC filing.
• Other institutional investors have made significant movements, with T. Rowe Price increasing its holdings by 110.5% and GAMMA Investing LLC boosting its stake by an astonishing 41,959.1% in the same quarter.
• Duolingo reported strong financials with a 41.5% year-over-year revenue increase, posting $0.91 EPS, which surpassed analysts' expectations of $0.55 EPS.

Jacobs Levy Equity Management Inc. decreased its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 61.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 66,522 shares of the company's stock after selling 104,568 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.15% of Duolingo worth $20,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DUOL. Hancock Whitney Corp boosted its position in shares of Duolingo by 86.8% in the first quarter. Hancock Whitney Corp now owns 2,516 shares of the company's stock worth $781,000 after buying an additional 1,169 shares during the period. Curi RMB Capital LLC boosted its position in Duolingo by 31.6% during the 1st quarter. Curi RMB Capital LLC now owns 2,092 shares of the company's stock worth $650,000 after acquiring an additional 502 shares during the period. AQR Capital Management LLC boosted its position in Duolingo by 123.8% during the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company's stock worth $61,478,000 after acquiring an additional 111,589 shares during the period. Amundi boosted its position in Duolingo by 75.0% during the 1st quarter. Amundi now owns 10,769 shares of the company's stock worth $3,380,000 after acquiring an additional 4,614 shares during the period. Finally, Metavasi Capital LP acquired a new stake in shares of Duolingo during the first quarter worth approximately $3,571,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUOL. Robert W. Baird began coverage on shares of Duolingo in a report on Friday, September 5th. They set a "neutral" rating and a $280.00 price target for the company. KeyCorp raised shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 target price for the company in a research note on Monday, August 18th. Barclays lifted their price objective on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, DA Davidson lowered Duolingo from a "buy" rating to a "neutral" rating and reduced their price target for the company from $500.00 to $300.00 in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $420.63.

Duolingo Stock Down 0.5%

Shares of DUOL stock traded down $1.46 on Friday, hitting $307.88. The company's stock had a trading volume of 1,123,223 shares, compared to its average volume of 1,116,464. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a fifty-two week low of $225.26 and a fifty-two week high of $544.93. The firm's fifty day moving average price is $339.44 and its 200-day moving average price is $379.97. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 127.50, a P/E/G ratio of 1.91 and a beta of 0.85.

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

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,515 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the sale, the general counsel directly owned 32,638 shares in the company, valued at approximately $10,488,547.68. The trade was a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,533 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the sale, the insider owned 122,112 shares of the company's stock, valued at $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,508 shares of company stock worth $28,428,221. 15.67% of the stock is currently owned by company 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.