Duolingo, Inc. (NASDAQ:DUOL) Holdings Decreased by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,006 shares of the company’s stock after selling 167 shares during the period. MetLife Investment Management LLC’s holdings in Duolingo were worth $5,924,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the 3rd quarter valued at $29,000. Larson Financial Group LLC acquired a new position in Duolingo in the 2nd quarter worth about $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the 2nd quarter valued at about $32,000. GAMMA Investing LLC increased its holdings in Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the second quarter valued at approximately $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Up 0.2 %

NASDAQ DUOL opened at $348.27 on Friday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $364.95. The stock has a market cap of $15.32 billion, a PE ratio of 190.31 and a beta of 0.79. The firm has a 50-day simple moving average of $302.18 and a 200 day simple moving average of $233.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, research analysts forecast that Duolingo, Inc. will post 2.02 EPS for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the sale, the insider now directly owns 139,760 shares in the company, valued at approximately $29,001,597.60. This represents a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the transaction, the insider now owns 157,053 shares of the company’s stock, valued at $37,695,861.06. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,319 shares of company stock worth $8,038,686 over the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent analyst reports. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Needham & Company LLC raised their target price on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $331.33.

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.