Prudential PLC Sells 1,000 Shares of Duolingo, Inc. $DUOL

Key Points

• Prudential PLC has reduced its stake in Duolingo, Inc. by 37.3%, selling 1,000 shares and bringing its total holdings to 1,680 shares valued at approximately $522,000.
• Duolingo's recent quarterly earnings report revealed an EPS of $0.91, exceeding expectations, while its revenue surged 41.5% year-over-year to $252.27 million.
• Various hedge funds have increased their investments in Duolingo, reflecting confidence in the company, with notable increases from LPL Financial LLC and Raymond James Financial Inc.

Prudential PLC decreased its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 37.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,680 shares of the company's stock after selling 1,000 shares during the quarter. Prudential PLC's holdings in Duolingo were worth $522,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at $25,000. Quarry LP lifted its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at $31,000. Whittier Trust Co. purchased a new position in shares of Duolingo during the 1st quarter valued at $33,000. Finally, Versant Capital Management Inc lifted its stake in shares of Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of NASDAQ DUOL traded down $7.7550 during mid-day trading on Wednesday, hitting $332.9050. 804,375 shares of the company's stock traded hands, compared to its average volume of 1,033,852. The company's 50-day moving average is $386.48 and its two-hundred day moving average is $391.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market capitalization of $15.25 billion, a P/E ratio of 136.78, a PEG ratio of 2.46 and a beta of 0.87. Duolingo, Inc. has a 1 year low of $202.38 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The company 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 firm's revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DUOL. Barclays lifted their target price on shares of Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Morgan Stanley boosted their price target on shares of Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target on the stock in a research note on Monday. UBS Group reiterated an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Finally, Evercore ISI boosted their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $451.35.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the transaction, the insider directly owned 72 shares in the company, valued at $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 1,282 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $421,816.46. Following the completion of the transaction, the general counsel owned 34,153 shares in the company, valued at $11,237,361.59. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $23,589,966 in the last three months. 15.67% of the stock is owned by insiders.

Duolingo 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.