Dragoneer Investment Group LLC Acquires 1,208,346 Shares of Duolingo, Inc. $DUOL

Dragoneer Investment Group LLC raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 324.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,580,787 shares of the company’s stock after buying an additional 1,208,346 shares during the period. Duolingo comprises about 11.2% of Dragoneer Investment Group LLC’s holdings, making the stock its largest position. Dragoneer Investment Group LLC owned approximately 3.42% of Duolingo worth $508,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DUOL. Rise Advisors LLC lifted its position in Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Duolingo by 20.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company’s stock worth $48,000 after purchasing an additional 26 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Duolingo by 16.3% in the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock valued at $76,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE boosted its position in shares of Duolingo by 1.4% during the second quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after buying an additional 28 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in Duolingo by 0.7% during the second quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock worth $1,668,000 after buying an additional 30 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DUOL shares. KeyCorp cut Duolingo from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 6th. Jefferies Financial Group boosted their price target on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Barclays reduced their price objective on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Morgan Stanley set a $300.00 target price on shares of Duolingo in a research report on Thursday, November 6th. Finally, Baird R W upgraded Duolingo to a “hold” rating in a research note on Friday, September 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $329.44.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares of the company’s stock, valued at $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the transaction, the insider owned 72 shares of the company’s stock, valued at $18,945.36. This represents a 99.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 66,452 shares of company stock valued at $15,846,732 in the last 90 days. Insiders own 15.67% of the company’s stock.

Duolingo Stock Up 0.5%

DUOL opened at $181.66 on Friday. Duolingo, Inc. has a twelve month low of $166.27 and a twelve month high of $544.93. The company’s 50-day moving average price is $213.39 and its two-hundred day moving average price is $304.22. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.13 and a beta of 0.86. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same quarter in the previous year, the firm posted $0.49 EPS. Duolingo’s revenue was up 41.1% on a year-over-year basis. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.