Duolingo, Inc. $DUOL Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Duolingo, Inc. (NASDAQ:DUOL) by 224.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,093 shares of the company’s stock after acquiring an additional 4,905 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Duolingo were worth $1,252,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DUOL. Baillie Gifford & Co. boosted its stake in shares of Duolingo by 71.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after buying an additional 2,033,611 shares during the period. State Street Corp increased its position in Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after acquiring an additional 6,109 shares during the period. AQR Capital Management LLC raised its stake in Duolingo by 78.4% during the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after acquiring an additional 325,648 shares during the last quarter. State of Michigan Retirement System raised its stake in Duolingo by 5,800.0% during the 4th quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after acquiring an additional 551,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Duolingo by 22,970.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock worth $133,650,000 after acquiring an additional 413,468 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DUOL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Barclays lowered their price objective on shares of Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Bank of America restated a “neutral” rating and set a $100.00 price objective on shares of Duolingo in a research report on Friday, February 27th. Argus restated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Finally, Weiss Ratings lowered shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average target price of $195.94.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,901 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the transaction, the general counsel directly owned 30,545 shares in the company, valued at $3,459,526.70. This represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total transaction of $110,060.00. Following the completion of the transaction, the insider owned 122,636 shares in the company, valued at approximately $13,497,318.16. This trade represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,939 shares of company stock valued at $1,676,291. Corporate insiders own 16.62% of the company’s stock.

Duolingo Stock Up 0.8%

DUOL opened at $106.01 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.81 and a beta of 0.90. Duolingo, Inc. has a one year low of $87.89 and a one year high of $544.93. The business’s fifty day moving average is $100.12 and its two-hundred day moving average is $148.27.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Analysts anticipate that Duolingo, Inc. will post 2.78 EPS for the current fiscal year.

Duolingo 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.