Yorktown Management & Research Co Inc Has $810,000 Stock Holdings in Duolingo, Inc. $DUOL

Yorktown Management & Research Co Inc raised its stake in Duolingo, Inc. (NASDAQ:DUOL) by 41.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,975 shares of the company’s stock after acquiring an additional 575 shares during the period. Duolingo makes up about 0.8% of Yorktown Management & Research Co Inc’s portfolio, making the stock its 19th biggest holding. Yorktown Management & Research Co Inc’s holdings in Duolingo were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new position in shares of Duolingo during the 1st quarter worth $3,772,000. Hsbc Holdings PLC boosted its position in shares of Duolingo by 39.0% during the 1st quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock valued at $995,000 after purchasing an additional 894 shares in the last quarter. Encompass More Asset Management bought a new stake in shares of Duolingo during the 1st quarter valued at about $762,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Duolingo by 965.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock worth $2,822,000 after buying an additional 6,236 shares during the period. Finally, Jump Financial LLC raised its stake in Duolingo by 563.7% during the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after buying an additional 88,918 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DUOL. JPMorgan Chase & Co. lowered their price objective on Duolingo from $515.00 to $465.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Wall Street Zen lowered Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Baird R W upgraded Duolingo to a “hold” rating in a research report on Friday, September 5th. Robert W. Baird began coverage on Duolingo in a research report on Friday, September 5th. They set a “neutral” rating and a $280.00 price target on the stock. Finally, DA Davidson downgraded Duolingo from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $500.00 to $300.00 in a report on Thursday, September 4th. Twelve 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 stock. According to MarketBeat, Duolingo has an average rating of “Hold” and an average price target of $414.05.

Insider Activity

In related news, insider Robert Meese sold 1,444 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $475,119.32. Following the sale, the insider directly owned 120,080 shares of the company’s stock, valued at $39,509,922.40. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’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 transaction, the chief financial officer directly owned 43,345 shares in the company, valued at approximately $13,757,269.55. This trade represents a 20.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 83,791 shares of company stock worth $26,462,201. 18.30% of the stock is owned by insiders.

Duolingo Price Performance

Shares of DUOL opened at $293.88 on Wednesday. Duolingo, Inc. has a 1-year low of $256.63 and a 1-year high of $544.93. The firm has a fifty day simple moving average of $309.84 and a two-hundred day simple moving average of $381.30. 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 firm has a market cap of $13.47 billion, a PE ratio of 120.94, a P/E/G ratio of 2.03 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo 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.