Y Intercept Hong Kong Ltd Trims Stake in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Y Intercept Hong Kong Ltd reduced its stake in Duolingo by 45.8%, now holding 2,707 shares valued at approximately $841,000 as of the latest SEC filing.
• Analysts have been optimistic, with Scotiabank raising its price target on Duolingo to $470 and a consensus rating of "Moderate Buy" from various research analysts.
• Insiders have sold a total of 55,000 shares worth $24.43 million over the past 90 days, with insider Robert Meese selling shares at an average price of $395.00, impacting their holdings significantly.

Y Intercept Hong Kong Ltd reduced its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 45.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,707 shares of the company's stock after selling 2,284 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Duolingo were worth $841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH purchased a new position in Duolingo during the 1st quarter worth $2,536,000. Twin Capital Management Inc. purchased a new position in Duolingo during the 1st quarter worth $1,426,000. Kestra Private Wealth Services LLC increased its holdings in Duolingo by 47.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,385 shares of the company's stock worth $1,051,000 after purchasing an additional 1,091 shares during the period. Private Advisor Group LLC increased its holdings in Duolingo by 3.3% during the 1st quarter. Private Advisor Group LLC now owns 4,722 shares of the company's stock worth $1,466,000 after purchasing an additional 150 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in Duolingo during the 1st quarter worth $302,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank raised their price objective on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Barclays increased their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Piper Sandler set a $375.00 target price on Duolingo in a research report on Friday, May 2nd. Finally, DA Davidson dropped their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $435.87.

Insiders Place Their Bets

In related news, insider Robert Meese sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the transaction, the insider owned 118,805 shares in the company, valued at $46,927,975. This trade represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00. Following the completion of the transaction, the insider owned 72 shares of the company's stock, valued at $25,943.76. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $24,429,700 in the last 90 days. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of DUOL stock opened at $364.09 on Friday. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 179.36, a price-to-earnings-growth ratio of 2.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The business has a fifty day moving average of $444.90 and a 200 day moving average of $390.54. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.

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