Huntington National Bank Sells 78 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Huntington National Bank trimmed its position in Duolingo, Inc. (NASDAQ:DUOL) by 29.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 189 shares of the company’s stock after selling 78 shares during the period. Huntington National Bank’s holdings in Duolingo were worth $53,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DUOL. Larson Financial Group LLC acquired a new position in Duolingo in the 2nd quarter worth about $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo during the second quarter worth about $32,000. GAMMA Investing LLC increased its stake in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in Duolingo in the 2nd quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DUOL. Barclays upped their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Needham & Company LLC raised their price objective on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $331.33.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. This trade represents a 16.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock valued at $15,802,382 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

NASDAQ:DUOL opened at $306.92 on Tuesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $330.61. The company has a fifty day moving average of $283.47 and a 200-day moving average of $225.51. The firm has a market capitalization of $13.50 billion, a P/E ratio of 167.72 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 39.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.

Duolingo 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.