Citigroup Inc. Grows Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Citigroup Inc. grew its position in Duolingo, Inc. (NASDAQ:DUOL) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,649 shares of the company’s stock after buying an additional 752 shares during the quarter. Citigroup Inc. owned 0.08% of Duolingo worth $10,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC grew its holdings in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Blue Trust Inc. purchased a new stake in Duolingo during the 2nd quarter worth approximately $32,000. Larson Financial Group LLC acquired a new stake in Duolingo during the 2nd quarter worth approximately $31,000. Finally, GAMMA Investing LLC boosted its position in Duolingo by 350.0% in the 2nd 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. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the transaction, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. This represents a 3.40 % 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 in the last quarter. 18.30% of the stock is owned by insiders.

Duolingo Stock Down 1.7 %

Shares of NASDAQ:DUOL opened at $347.64 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $298.91 and a 200-day simple moving average of $231.11. The company has a market capitalization of $15.29 billion, a PE ratio of 189.97 and a beta of 0.79. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $364.95.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) 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 company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Duolingo’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, equities analysts predict that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Bank of America upped their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Five investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $331.33.

About Duolingo

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.