International Assets Investment Management LLC Acquires Shares of 19,282 Duolingo, Inc. (NASDAQ:DUOL)

International Assets Investment Management LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 19,282 shares of the company’s stock, valued at approximately $4,374,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUOL. CHURCHILL MANAGEMENT Corp purchased a new stake in Duolingo during the 4th quarter worth about $1,411,000. Raymond James & Associates purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $4,211,000. Wellington Management Group LLP boosted its holdings in shares of Duolingo by 147.6% in the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock valued at $99,887,000 after buying an additional 358,938 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Duolingo by 4.9% in the 3rd quarter. Acadian Asset Management LLC now owns 366,526 shares of the company’s stock valued at $60,775,000 after buying an additional 17,097 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Duolingo by 4.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 10,906 shares of the company’s stock worth $1,809,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $244.64 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. Duolingo, Inc. has a one year low of $121.89 and a one year high of $251.30. The firm has a market capitalization of $10.49 billion, a P/E ratio of 719.55 and a beta of 0.82. The company’s fifty day moving average is $220.23 and its two-hundred day moving average is $206.90.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

DUOL has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Piper Sandler lifted their target price on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. UBS Group boosted their target price on Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 29th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $160.00 to $190.00 and gave the company a “sell” rating in a research report on Thursday, February 29th. Finally, Bank of America upped their price objective on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $245.13.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $247.82, for a total transaction of $371,730.00. Following the sale, the insider now owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $223.47, for a total transaction of $2,234,700.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $16,089.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $247.82, for a total value of $371,730.00. Following the sale, the insider now owns 123,005 shares of the company’s stock, valued at $30,483,099.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,223 shares of company stock valued at $27,273,230. 19.85% of the stock is owned by corporate insiders.

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.