AlphaQuest LLC Acquires 336 Shares of Duolingo, Inc. (NASDAQ:DUOL)

AlphaQuest LLC lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 89.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 710 shares of the company’s stock after acquiring an additional 336 shares during the quarter. AlphaQuest LLC’s holdings in Duolingo were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc boosted its position in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after purchasing an additional 32 shares during the period. Mount Lucas Management LP grew its stake in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares during the last quarter. Atria Investments Inc raised its holdings in Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after acquiring an additional 39 shares during the period. Lisanti Capital Growth LLC lifted its position in Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after acquiring an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Needham & Company LLC lifted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.00.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares in the company, valued at $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,251.04. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,499 shares of company stock valued at $29,162,568. 18.30% of the stock is currently owned by insiders.

Duolingo Stock Performance

NASDAQ:DUOL opened at $283.54 on Friday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $350.03 and its 200 day simple moving average is $316.48. The firm has a market capitalization of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Duolingo Company Profile

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.