Danica Pension Livsforsikringsaktieselskab Makes New $5.78 Million Investment in Duolingo, Inc. $DUOL

Danica Pension Livsforsikringsaktieselskab purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,950 shares of the company’s stock, valued at approximately $5,777,000.

Several other institutional investors and hedge funds have also made changes to their positions in DUOL. Vanguard Group Inc. increased its position in shares of Duolingo by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock valued at $1,495,733,000 after acquiring an additional 116,135 shares during the period. Baillie Gifford & Co. lifted its position in Duolingo by 28.6% during the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after acquiring an additional 628,943 shares during the period. Dragoneer Investment Group LLC lifted its position in Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock worth $508,760,000 after acquiring an additional 1,208,346 shares during the period. State Street Corp grew its stake in Duolingo by 0.5% during the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after purchasing an additional 6,109 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Duolingo by 78.4% in the third quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after purchasing an additional 325,648 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the subject of several research analyst reports. Bank of America restated a “neutral” rating and issued a $100.00 price objective on shares of Duolingo in a research note on Friday, February 27th. Citigroup reiterated a “neutral” rating and issued a $101.00 price target (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. DA Davidson reduced their price target on shares of Duolingo from $170.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group lifted their price objective on shares of Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $206.32.

Insider Activity at Duolingo

In other news, Director James H. Shelton bought 5,000 shares of Duolingo stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $99.76 per share, with a total value of $498,800.00. Following the completion of the acquisition, the director directly owned 9,632 shares of the company’s stock, valued at $960,888.32. The trade was a 107.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stephen C. Chen sold 1,901 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total value of $215,307.26. Following the sale, the general counsel owned 30,545 shares of the company’s stock, valued at $3,459,526.70. The trade was a 5.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,939 shares of company stock worth $1,676,291 in the last quarter. Corporate insiders own 18.30% of the company’s stock.

Duolingo Trading Up 2.4%

Shares of DUOL stock opened at $104.36 on Wednesday. Duolingo, Inc. has a 1-year low of $91.99 and a 1-year high of $544.93. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a 50 day simple moving average of $125.27 and a 200-day simple moving average of $203.65.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $282.87 million for the quarter, compared to analysts’ expectations of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Duolingo Company 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.