14,600 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,600 shares of the company’s stock, valued at approximately $4,734,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC increased its holdings in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after buying an additional 30 shares in the last quarter. Lido Advisors LLC increased its holdings in Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares in the last quarter. Atria Investments Inc increased its holdings in Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares in the last quarter. Lisanti Capital Growth LLC increased its holdings in Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after buying an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

DUOL opened at $520.21 on Monday. The firm has a market capitalization of $23.65 billion, a PE ratio of 284.27 and a beta of 0.88. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The firm’s 50-day moving average price is $391.07 and its 200 day moving average price is $360.52. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $360.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Scotiabank lifted their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Barclays lifted their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC lifted their target price on shares of Duolingo from $400.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.29.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $35,708.40. The trade was a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the transaction, the insider now owns 130,733 shares in the company, valued at $37,989,702.47. The trade was a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,853 shares of company stock worth $31,627,441. 15.67% of the stock is owned by insiders.

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.