Swiss National Bank Grows Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Swiss National Bank increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,200 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Swiss National Bank’s holdings in Duolingo were worth $21,464,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DUOL. Rakuten Securities Inc. boosted its holdings in shares of Duolingo by 5.3% during the 4th quarter. Rakuten Securities Inc. now owns 7,354 shares of the company’s stock valued at $2,384,000 after purchasing an additional 373 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Duolingo by 25.2% during the 4th quarter. HighTower Advisors LLC now owns 1,837 shares of the company’s stock valued at $596,000 after purchasing an additional 370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Duolingo by 13.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,243 shares of the company’s stock valued at $2,024,000 after acquiring an additional 734 shares during the period. Taika Capital LP purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $2,697,000. Finally, AlphaQuest LLC increased its stake in Duolingo by 89.8% in the fourth quarter. AlphaQuest LLC now owns 710 shares of the company’s stock worth $230,000 after purchasing an additional 336 shares during the period. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $294.18 on Tuesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a fifty day moving average price of $349.18 and a 200 day moving average price of $317.89. The company has a market cap of $13.31 billion, a PE ratio of 160.75 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for 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%. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Needham & Company LLC boosted their target price on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.00.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at approximately $24,251.04. The trade was a 99.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders have sold 82,499 shares of company stock worth $29,162,568 over the last quarter. 18.30% of the stock is currently owned by insiders.

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.