UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $38.12 Million Stock Position in Duolingo, Inc. $DUOL

Key Points

• UBS AM has decreased its holdings in Duolingo, Inc. by 1.4%, owning approximately 122,762 shares valued at $38.12 million as of its latest SEC filing.
• Duolingo's latest quarterly earnings exceeded expectations, reporting $0.91 EPS against a consensus estimate of $0.55, with revenues of $252.27 million, marking a 41.5% year-over-year increase.
• Insiders sold a total of 80,508 shares of Duolingo stock recently, indicating a possible shift in sentiment, as institutional investors hold over 91.59% of the company's stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,762 shares of the company's stock after selling 1,723 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.27% of Duolingo worth $38,123,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DUOL. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo in the 1st quarter valued at $25,000. 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 purchased a new stake in shares of Duolingo in the 1st quarter valued at $28,000. Brooklyn Investment Group raised its holdings in Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after buying an additional 95 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Duolingo during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Trading Up 0.4%

Shares of NASDAQ:DUOL traded up $1.23 during midday trading on Friday, reaching $290.90. 1,529,123 shares of the company's stock were exchanged, compared to its average volume of 1,909,368. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 119.71, a P/E/G ratio of 1.93 and a beta of 0.85. 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 firm's 50 day simple moving average is $327.64 and its two-hundred day simple moving average is $377.79. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on DUOL. Robert W. Baird started coverage on shares of Duolingo in a report on Friday, September 5th. They issued a "neutral" rating and a $280.00 price objective for the company. Argus assumed coverage on shares of Duolingo in a research note on Wednesday, June 25th. They set a "buy" rating and a $575.00 target price on the stock. Barclays boosted their price target on shares of Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Raymond James Financial reaffirmed a "market perform" rating on shares of Duolingo in a research note on Tuesday, August 26th. Finally, Citigroup dropped their price objective on shares of Duolingo from $400.00 to $375.00 and set a "buy" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $419.32.

Insider Activity at Duolingo

In other news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction dated Tuesday, August 26th. The stock was 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 approximately $13,757,269.55. This trade represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 1,515 shares of the firm's stock in a transaction that occurred 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 sale, the general counsel owned 32,638 shares of the company's stock, valued at approximately $10,488,547.68. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,508 shares of company stock valued at $23,716,221 over the last three months. Insiders own 15.67% of the company's stock.

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.