Crossmark Global Holdings Inc. Reduces Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Crossmark Global Holdings Inc. cut its position in Duolingo, Inc. (NASDAQ:DUOL) by 16.5% during the third quarter, Holdings Channel reports. The firm owned 2,740 shares of the company’s stock after selling 540 shares during the period. Crossmark Global Holdings Inc.’s holdings in Duolingo were worth $773,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of DUOL. SG Americas Securities LLC grew its position in shares of Duolingo by 261.8% during the 1st quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after acquiring an additional 2,634 shares during the period. ProShare Advisors LLC grew its holdings in Duolingo by 9.8% in the first quarter. ProShare Advisors LLC now owns 5,320 shares of the company’s stock valued at $1,173,000 after purchasing an additional 475 shares during the period. M&G Plc purchased a new stake in shares of Duolingo in the first quarter valued at approximately $7,315,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Duolingo by 5.5% during 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 period. Finally, Vanguard Group Inc. lifted its position in shares of Duolingo by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after buying an additional 67,004 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DUOL. Needham & Company LLC boosted their price target on shares of Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group increased their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday. Bank of America raised their target price on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $331.33.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. The trade was a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock valued at $15,802,382 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

Shares of Duolingo stock opened at $307.32 on Friday. The business’s 50 day moving average price is $281.68 and its 200 day moving average price is $224.96. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 167.93 and a beta of 0.79. 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, Inc. has a one year low of $145.05 and a one year high of $330.61.

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

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.