Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its position in Duolingo, Inc. (NASDAQ:DUOL) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,200,911 shares of the company’s stock after selling 215,192 shares during the period. Baillie Gifford & Co. owned about 7.35% of Duolingo worth $902,721,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. boosted its stake in Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after buying an additional 55 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after acquiring an additional 73 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after acquiring an additional 85 shares during the last quarter. Finally, Strategic Advocates LLC boosted its position in Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Down 2.6 %

NASDAQ:DUOL opened at $318.23 on Tuesday. The company has a current ratio of 3.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $13.86 billion, a PE ratio of 173.90 and a beta of 0.79. The firm’s 50 day moving average is $272.96 and its 200 day moving average is $222.38. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $330.61.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 14,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the completion of the sale, the chief financial officer now owns 88,856 shares in the company, valued at approximately $18,432,288.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 over the last three months. Insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Barclays increased their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Wolfe Research assumed coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America lifted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average price target of $325.44.

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.