Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,046 shares of the company’s stock after selling 1,014 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Duolingo were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC purchased a new stake in Duolingo in the 4th quarter valued at approximately $39,000. Bamco Inc. NY purchased a new stake in Duolingo in the 3rd quarter valued at approximately $39,000. Captrust Financial Advisors boosted its holdings in Duolingo by 620.8% in the 1st quarter. Captrust Financial Advisors now owns 555 shares of the company’s stock valued at $53,000 after purchasing an additional 478 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Duolingo in the 4th quarter valued at approximately $58,000. Finally, Whittier Trust Co. purchased a new stake in Duolingo in the 3rd quarter valued at approximately $157,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the sale, the insider now owns 124,505 shares of the company’s stock, valued at approximately $26,812,151.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $218.42, for a total transaction of $2,184,200.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $15,726.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the transaction, the insider now directly owns 124,505 shares in the company, valued at approximately $26,812,151.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,223 shares of company stock valued at $23,682,665. 19.85% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. Needham & Company LLC upped their price target on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Bank of America upped their price target on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Finally, Barclays upped their price target on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $245.13.

Duolingo Price Performance

DUOL stock opened at $194.66 on Thursday. Duolingo, Inc. has a 1 year low of $116.82 and a 1 year high of $245.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The stock’s 50 day moving average price is $209.33 and its 200 day moving average price is $200.95. The firm has a market cap of $8.35 billion, a P/E ratio of 572.53 and a beta of 0.83.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. On average, sell-side analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Duolingo 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.