Duolingo, Inc. $DUOL Shares Acquired by Odyssean LLC

Odyssean LLC increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 67.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,340 shares of the company’s stock after buying an additional 4,990 shares during the period. Odyssean LLC’s holdings in Duolingo were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after acquiring an additional 411 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Duolingo by 123.9% during the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after purchasing an additional 48,451 shares in the last quarter. Focus Partners Wealth grew its position in shares of Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after purchasing an additional 446 shares during the period. Amundi grew its position in shares of Duolingo by 142.1% in the second quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after purchasing an additional 15,306 shares during the period. Finally, Gabelli Funds LLC acquired a new stake in shares of Duolingo in the second quarter valued at about $205,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In related news, insider Robert Meese sold 1,354 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $129.13, for a total value of $174,842.02. Following the completion of the transaction, the insider directly owned 169,391 shares in the company, valued at approximately $21,873,459.83. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,024 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $129.13, for a total value of $132,229.12. Following the completion of the transaction, the general counsel owned 51,841 shares of the company’s stock, valued at $6,694,228.33. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 6,668 shares of company stock valued at $874,382. 16.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Duolingo from $95.00 to $125.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. UBS Group lifted their price objective on Duolingo from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Truist Financial boosted their price objective on Duolingo from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. DA Davidson raised Duolingo from a “neutral” rating to a “buy” rating and increased their target price for the company from $130.00 to $160.00 in a report on Tuesday, August 18th. Finally, Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Duolingo currently has an average rating of “Hold” and an average price target of $132.06.

Duolingo Price Performance

Duolingo stock opened at $146.04 on Wednesday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $353.00. The stock has a market cap of $6.83 billion, a P/E ratio of 17.30, a PEG ratio of 1.19 and a beta of 0.87. The company has a 50-day moving average price of $131.23 and a 200 day moving average price of $114.84. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.06. Duolingo had a net margin of 35.88% and a return on equity of 12.10%. The company had revenue of $298.45 million for the quarter, compared to analyst estimates of $295.58 million. During the same period in the previous year, the business posted $0.91 EPS. Duolingo’s revenue was up 18.3% on a year-over-year basis. Sell-side analysts anticipate that Duolingo, Inc. will post 2.64 earnings per share for the current year.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.