Hsbc Holdings PLC decreased its holdings in Duolingo, Inc. (NYSE:DUOL – Get Rating) by 64.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,759 shares of the company’s stock after selling 6,952 shares during the quarter. Hsbc Holdings PLC’s holdings in Duolingo were worth $363,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Duolingo by 112.9% during the 1st quarter. JPMorgan Chase & Co. now owns 59,291 shares of the company’s stock worth $5,640,000 after acquiring an additional 31,446 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Duolingo by 40.7% during the first quarter. Bank of New York Mellon Corp now owns 9,201 shares of the company’s stock worth $876,000 after purchasing an additional 2,661 shares during the last quarter. BlackRock Inc. lifted its position in shares of Duolingo by 95.6% during the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company’s stock worth $78,275,000 after buying an additional 402,222 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Duolingo by 73.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 216,817 shares of the company’s stock worth $20,621,000 after buying an additional 92,031 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Duolingo during the 1st quarter worth approximately $342,000. 63.16% of the stock is owned by institutional investors.
Insider Buying and Selling at Duolingo
In other news, CFO Matthew Skaruppa sold 12,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $125.19, for a total transaction of $1,502,280.00. Following the sale, the chief financial officer now directly owns 43,987 shares in the company, valued at $5,506,732.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Matthew Skaruppa sold 12,000 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $125.19, for a total value of $1,502,280.00. Following the transaction, the chief financial officer now owns 43,987 shares of the company’s stock, valued at $5,506,732.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Durable Capital Partners Lp acquired 31,530 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was acquired at an average price of $72.75 per share, for a total transaction of $2,293,807.50. Following the transaction, the insider now directly owns 3,393,443 shares of the company’s stock, valued at approximately $246,872,978.25. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 208,082 shares of company stock valued at $15,005,337 and sold 228,907 shares valued at $25,858,257. Insiders own 22.12% of the company’s stock.
Analysts Set New Price Targets
Duolingo Stock Performance
Shares of DUOL stock opened at $123.74 on Wednesday. The firm’s 50 day moving average is $89.38 and its 200 day moving average is $85.80. The stock has a market capitalization of $4.91 billion, a P/E ratio of -82.49 and a beta of 0.10. Duolingo, Inc. has a 12 month low of $60.50 and a 12 month high of $130.49. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.04.
Duolingo (NYSE:DUOL – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.18. Duolingo had a negative return on equity of 11.22% and a negative net margin of 16.12%. The firm had revenue of $103.82 million during the quarter, compared to analyst estimates of $99.88 million. During the same period last year, the company earned ($0.46) earnings per share. The business’s revenue for the quarter was up 42.2% on a year-over-year basis. On average, sell-side analysts anticipate that Duolingo, Inc. will post -0.85 earnings per share for the current year.
Duolingo Company Profile
Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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