International Assets Investment Management LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

International Assets Investment Management LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,282 shares of the company’s stock, valued at approximately $4,374,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DUOL. Baillie Gifford & Co. grew its position in shares of Duolingo by 5.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock valued at $744,529,000 after buying an additional 213,552 shares during the last quarter. Durable Capital Partners LP grew its position in shares of Duolingo by 10.1% in the 4th quarter. Durable Capital Partners LP now owns 4,156,738 shares of the company’s stock valued at $295,669,000 after buying an additional 379,844 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Duolingo by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock valued at $529,314,000 after buying an additional 122,209 shares during the last quarter. BlackRock Inc. grew its position in shares of Duolingo by 15.0% in the 2nd quarter. BlackRock Inc. now owns 2,323,082 shares of the company’s stock valued at $332,061,000 after buying an additional 303,206 shares during the last quarter. Finally, Whale Rock Capital Management LLC grew its position in shares of Duolingo by 0.7% in the 2nd quarter. Whale Rock Capital Management LLC now owns 1,328,760 shares of the company’s stock valued at $189,933,000 after buying an additional 8,668 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 1.3 %

Shares of NASDAQ:DUOL opened at $198.17 on Wednesday. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 582.87 and a beta of 0.84. The firm’s 50-day simple moving average is $209.09 and its 200-day simple moving average is $201.00. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. Duolingo, Inc. has a fifty-two week low of $116.82 and a fifty-two week high of $245.87.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. As a group, equities research analysts predict that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $12,860.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $12,860.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the sale, the insider now owns 129,188 shares of the company’s stock, valued at $23,262,883.16. The disclosure for this sale can be found here. Insiders have sold a total of 113,223 shares of company stock valued at $23,682,665 over the last quarter. Corporate insiders own 19.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DUOL shares. Piper Sandler increased their target price on shares of Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. UBS Group raised their price objective on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Needham & Company LLC raised their price objective on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on shares of Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price objective on the stock. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $245.13.

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.