Duolingo, Inc. $DUOL Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. raised its holdings in Duolingo, Inc. (NASDAQ:DUOLFree Report) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,821 shares of the company’s stock after buying an additional 10,597 shares during the period. Duolingo comprises about 1.6% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 21st largest position. Cookson Peirce & Co. Inc. owned 0.19% of Duolingo worth $35,598,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new position in shares of Duolingo during the first quarter worth about $3,772,000. Hsbc Holdings PLC grew its holdings in shares of Duolingo by 39.0% during the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after purchasing an additional 894 shares during the last quarter. Encompass More Asset Management purchased a new position in shares of Duolingo during the first quarter worth about $762,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Duolingo by 965.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock worth $2,822,000 after purchasing an additional 6,236 shares during the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Duolingo by 563.7% during the first quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after purchasing an additional 88,918 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DA Davidson lowered Duolingo from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $500.00 to $300.00 in a report on Thursday, September 4th. Citizens Jmp lowered their price target on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a report on Monday, July 28th. Barclays raised their price target on Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Argus began coverage on Duolingo in a report on Wednesday, June 25th. They set a “buy” rating and a $575.00 price target on the stock. Finally, UBS Group lowered their price target on Duolingo from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and a consensus price target of $414.05.

Check Out Our Latest Report on Duolingo

Duolingo Stock Performance

NASDAQ DUOL opened at $317.61 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $313.06 and its two-hundred day moving average is $381.02. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 130.70, a PEG ratio of 2.06 and a beta of 0.86.

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

Insider Buying and Selling at Duolingo

In other 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 owned 43,345 shares of the company’s stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. This trade represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,791 shares of company stock worth $23,315,001. Corporate insiders own 18.30% of the company’s stock.

Duolingo Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOLFree Report).

Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

Receive News & Ratings for Duolingo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duolingo and related companies with MarketBeat.com's FREE daily email newsletter.