Duolingo, Inc. $DUOL Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 67.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,325 shares of the company’s stock after purchasing an additional 3,768 shares during the period. Sei Investments Co.’s holdings in Duolingo were worth $919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Root Financial Partners LLC grew its position in Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after buying an additional 165 shares in the last quarter. EFG International AG bought a new stake in Duolingo in the fourth quarter worth about $26,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo in the 4th quarter valued at about $33,000. Banque Cantonale Vaudoise lifted its stake in Duolingo by 51.1% during the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Duolingo during the 4th quarter valued at $43,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the sale, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,506 shares of company stock valued at $1,073,864 in the last 90 days. 16.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Duolingo from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Wedbush initiated coverage on shares of Duolingo in a research note on Thursday, July 16th. They issued a “neutral” rating and a $139.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Duolingo in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $94.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.12.

Duolingo Price Performance

Shares of DUOL stock opened at $134.63 on Thursday. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $371.63. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $127.20 and a two-hundred day moving average of $114.56. The company has a market capitalization of $6.27 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.09 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.66 earnings per share (EPS) 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 firm had revenue of $298.45 million for the quarter, compared to analyst estimates of $295.58 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities analysts expect that Duolingo, Inc. will post 2.67 EPS for the current year.

About Duolingo

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.