TD Asset Management Inc Has $2.68 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

TD Asset Management Inc decreased its holdings in Duolingo, Inc. (NASDAQ:DUOLFree Report) by 42.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,822 shares of the company’s stock after selling 8,692 shares during the quarter. TD Asset Management Inc’s holdings in Duolingo were worth $2,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DUOL. Discovery Value Fund bought a new stake in shares of Duolingo in the 4th quarter valued at about $27,000. FSC Wealth Advisors LLC bought a new stake in Duolingo in the fourth quarter valued at approximately $39,000. Bamco Inc. NY acquired a new stake in Duolingo during the 3rd quarter valued at approximately $39,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Duolingo during the 4th quarter worth approximately $73,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Duolingo in the 4th quarter worth approximately $92,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Performance

Shares of Duolingo stock opened at $188.98 on Friday. Duolingo, Inc. has a 52 week low of $121.89 and a 52 week high of $251.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $204.54 and a 200-day moving average price of $208.61. The company has a market cap of $8.15 billion, a PE ratio of 194.83 and a beta of 0.72.

Duolingo (NASDAQ:DUOLGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. Duolingo’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. Equities analysts anticipate that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DUOL has been the topic of several research analyst reports. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. 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 note on Thursday, February 29th. Bank of America increased their target price on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Barclays decreased their price target on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, May 9th. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $246.33.

Read Our Latest Report on DUOL

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 2,698 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $177.29, for a total value of $478,328.42. Following the completion of the sale, the chief financial officer now owns 86,709 shares in the company, valued at approximately $15,372,638.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ahn Luis Von sold 22,023 shares of Duolingo stock in a transaction on Monday, March 11th. The stock was sold at an average price of $220.26, for a total transaction of $4,850,785.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 2,698 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $177.29, for a total transaction of $478,328.42. Following the transaction, the chief financial officer now owns 86,709 shares of the company’s stock, valued at approximately $15,372,638.61. The disclosure for this sale can be found here. Insiders have sold 87,721 shares of company stock valued at $19,280,489 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Duolingo Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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