Mirae Asset Global Investments Co. Ltd. Has $2.82 Million Holdings in Duolingo, Inc. $DUOL

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 965.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,882 shares of the company’s stock after acquiring an additional 6,236 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Duolingo were worth $2,822,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DUOL. Rise Advisors LLC boosted its position in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in shares of Duolingo during the 1st quarter valued at $28,000. Brooklyn Investment Group grew its holdings in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at $31,000. Finally, Whittier Trust Co. purchased a new position in shares of Duolingo during the 1st quarter valued at $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Down 0.1%

Duolingo stock opened at $319.98 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The business’s 50-day simple moving average is $316.85 and its 200-day simple moving average is $380.56. The firm has a market capitalization of $14.66 billion, a PE ratio of 131.68, a PEG ratio of 2.14 and a beta of 0.86. Duolingo, Inc. has a 52 week low of $256.63 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. The business had revenue of $252.27 million for the quarter, compared to analyst estimates of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In related 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 transaction of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares of the company’s stock, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,791 shares of company stock worth $26,918,301 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Duolingo from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Citizens Jmp dropped their price objective on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a report on Monday, July 28th. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Robert W. Baird initiated coverage on Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $460.00 target price on shares of Duolingo in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $419.32.

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.