Citigroup Inc. Buys 111,310 Shares of Duolingo, Inc. $DUOL

Citigroup Inc. lifted its position in Duolingo, Inc. (NASDAQ:DUOL) by 129.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,052 shares of the company’s stock after buying an additional 111,310 shares during the quarter. Citigroup Inc. owned about 0.43% of Duolingo worth $80,795,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DUOL. Semanteon Capital Management LP acquired a new stake in Duolingo in the second quarter valued at $865,000. Symphony Financial Ltd. Co. acquired a new stake in Duolingo in the 2nd quarter valued at about $31,942,000. Intech Investment Management LLC bought a new position in Duolingo during the second quarter worth about $1,880,000. Creative Planning grew its holdings in Duolingo by 32.4% during the second quarter. Creative Planning now owns 3,454 shares of the company’s stock worth $1,416,000 after purchasing an additional 846 shares during the period. Finally, SG Americas Securities LLC increased its position in Duolingo by 627.2% during the second quarter. SG Americas Securities LLC now owns 7,861 shares of the company’s stock worth $3,223,000 after buying an additional 6,780 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DUOL shares. Citigroup cut Duolingo from a “buy” rating to a “market perform” rating in a research note on Thursday, November 6th. Robert W. Baird assumed coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price objective for the company. KeyCorp cut shares of Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Citizens Jmp cut shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $340.53.

Duolingo Stock Down 1.6%

Shares of DUOL opened at $175.45 on Wednesday. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.13 and a beta of 0.83. Duolingo, Inc. has a 52 week low of $172.88 and a 52 week high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a fifty day moving average of $284.57 and a 200-day moving average of $366.40.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The firm had revenue of $271.71 million during the quarter, compared to the consensus estimate of $260.14 million. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the sale, the general counsel owned 32,638 shares in the company, valued at $10,488,547.68. This trade represents a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 67,179 shares of company stock worth $19,810,096 in the last ninety days. Insiders own 18.30% of the company’s stock.

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.