Ieq Capital LLC Has $3.57 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Ieq Capital LLC grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 116.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after purchasing an additional 5,919 shares during the period. Ieq Capital LLC’s holdings in Duolingo were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Duolingo during the 3rd quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. acquired a new stake in Duolingo during the 3rd quarter worth approximately $29,000. Global Retirement Partners LLC boosted its position in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 113 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Piper Sandler lifted their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Scotiabank initiated coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Stock Performance

NASDAQ:DUOL opened at $385.35 on Friday. The company has a fifty day moving average of $356.96 and a 200-day moving average of $304.33. The firm has a market capitalization of $16.95 billion, a P/E ratio of 210.57 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Insider Activity

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock worth $105,445,057 in the last quarter. 18.30% of the stock is owned by corporate insiders.

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.