Asset Management One Co. Ltd. Buys New Shares in Duolingo, Inc. $DUOL

Asset Management One Co. Ltd. bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,436 shares of the company’s stock, valued at approximately $1,409,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DUOL. T. Rowe Price Investment Management Inc. raised its holdings in Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after acquiring an additional 520,069 shares during the period. Invesco Ltd. raised its holdings in Duolingo by 24.1% during the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after acquiring an additional 261,212 shares during the period. Nuveen LLC bought a new stake in Duolingo during the first quarter valued at about $42,950,000. 1832 Asset Management L.P. raised its holdings in Duolingo by 746.9% during the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock valued at $42,606,000 after acquiring an additional 121,000 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Duolingo by 123.8% during the first quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock valued at $61,478,000 after acquiring an additional 111,589 shares during the period. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Down 7.2%

Shares of NASDAQ DUOL opened at $272.76 on Thursday. The business’s 50 day moving average is $308.52 and its two-hundred day moving average is $380.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a 1-year low of $256.63 and a 1-year high of $544.93. The stock has a market capitalization of $12.50 billion, a P/E ratio of 112.25, a PEG ratio of 1.94 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the sale, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 1,515 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the sale, the general counsel directly owned 32,638 shares in the company, valued at $10,488,547.68. The trade was a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 83,791 shares of company stock valued at $26,462,201 over the last ninety days. 15.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on DUOL. Wells Fargo & Company began coverage on Duolingo in a report on Monday, September 8th. They set an “underweight” rating and a $239.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Duolingo in a report on Wednesday, October 8th. Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Baird R W upgraded Duolingo to a “hold” rating in a research report on Friday, September 5th. Finally, UBS Group decreased their target price on Duolingo from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Twelve investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Duolingo presently has an average rating of “Hold” and an average price target of $414.05.

About Duolingo

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.