Westwood Holdings Group Inc. trimmed its position in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,783 shares of the company’s stock after selling 2,331 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Duolingo were worth $19,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Invesco Ltd. raised its position in Duolingo by 24.1% during the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after acquiring an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after purchasing an additional 520,069 shares during the last quarter. Geode Capital Management LLC increased its position in Duolingo by 3.2% during the second quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock worth $311,930,000 after buying an additional 23,356 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Duolingo by 23.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company’s stock valued at $66,640,000 after buying an additional 40,812 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Duolingo by 123.8% in the first quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock worth $61,478,000 after buying an additional 111,589 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.
Duolingo Price Performance
Shares of DUOL stock opened at $185.07 on Friday. Duolingo, Inc. has a 12 month low of $182.00 and a 12 month high of $544.93. The company has a market capitalization of $8.56 billion, a P/E ratio of 23.46, a P/E/G ratio of 1.17 and a beta of 0.83. The stock has a 50 day moving average of $288.39 and a two-hundred day moving average of $370.28. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07.
Analysts Set New Price Targets
DUOL has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Needham & Company LLC decreased their price objective on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Zacks Research lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Baird R W raised shares of Duolingo to a “hold” rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group decreased their price target on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $340.53.
Read Our Latest Stock Analysis on DUOL
Insider Buying and Selling at Duolingo
In other news, General Counsel Stephen C. Chen sold 1,515 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the completion of the transaction, the general counsel directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 75,735 shares of company stock worth $22,998,736. Corporate insiders own 15.67% of the company’s stock.
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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