AlphaQuest LLC Purchases 532 Shares of Duolingo, Inc. $DUOL

AlphaQuest LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 83.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,170 shares of the company’s stock after buying an additional 532 shares during the period. AlphaQuest LLC’s holdings in Duolingo were worth $480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in shares of Duolingo during the 1st quarter worth approximately $3,772,000. Hsbc Holdings PLC increased its position in Duolingo by 39.0% during the 1st quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after purchasing an additional 894 shares in the last quarter. Encompass More Asset Management acquired a new position in Duolingo during the 1st quarter worth approximately $762,000. Mirae Asset Global Investments Co. Ltd. increased its position in Duolingo by 965.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock worth $2,822,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Jump Financial LLC increased its position in Duolingo by 563.7% during the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after purchasing an additional 88,918 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 4.2%

Shares of NASDAQ DUOL opened at $293.88 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. Duolingo, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93. The firm has a 50 day moving average price of $309.84 and a two-hundred day moving average price of $381.30. The stock has a market cap of $13.47 billion, a P/E ratio of 120.94, a price-to-earnings-growth ratio of 2.03 and a beta of 0.86.

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

Insider Buying and Selling

In other news, General Counsel Stephen C. Chen sold 1,515 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total value of $486,860.40. Following the sale, the general counsel directly owned 32,638 shares of the company’s stock, valued at approximately $10,488,547.68. This represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the sale, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 83,791 shares of company stock worth $26,462,201. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Baird R W upgraded shares of Duolingo to a “hold” rating in a research report on Friday, September 5th. KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective for the company in a research report on Monday, August 18th. JMP Securities lowered their price objective on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. Citigroup lowered their price objective on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Finally, Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Duolingo has a consensus rating of “Hold” and a consensus target price of $414.05.

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.