Duolingo, Inc. $DUOL Shares Bought by Investment House LLC

Investment House LLC raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 250.7% in the 4th quarter, Holdings Channel reports. The fund owned 18,038 shares of the company’s stock after purchasing an additional 12,894 shares during the period. Investment House LLC’s holdings in Duolingo were worth $3,166,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Duolingo in the fourth quarter valued at approximately $4,905,000. GSA Capital Partners LLP purchased a new position in shares of Duolingo during the 4th quarter valued at approximately $1,041,000. North Dakota State Investment Board purchased a new position in shares of Duolingo during the 4th quarter valued at approximately $233,000. DNB Asset Management AS boosted its stake in shares of Duolingo by 29.9% during the 4th quarter. DNB Asset Management AS now owns 1,570 shares of the company’s stock valued at $276,000 after buying an additional 361 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Duolingo by 1.2% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock valued at $1,571,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Argus reiterated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. The Goldman Sachs Group reduced their target price on Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Morgan Stanley reduced their target price on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. DA Davidson increased their target price on Duolingo from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Citigroup reiterated a “neutral” rating and set a $101.00 target price (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Three analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $195.94.

Duolingo Stock Performance

DUOL stock opened at $114.10 on Wednesday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 0.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $540.30. The stock’s fifty day moving average is $101.15 and its two-hundred day moving average is $141.61.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, research analysts predict that Duolingo, Inc. will post 2.84 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert Meese sold 1,420 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider directly owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the transaction, the insider directly owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock valued at $1,073,864 over the last three months. 16.62% of the stock is currently owned by company insiders.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.