Westwood Holdings Group Inc. Has $17.05 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Westwood Holdings Group Inc. lowered its position in Duolingo, Inc. (NASDAQ:DUOL) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 52,591 shares of the company’s stock after selling 2,111 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Duolingo were worth $17,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Norges Bank acquired a new stake in shares of Duolingo during the 4th quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock worth $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Duolingo by 36.6% during the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company’s stock worth $126,042,000 after buying an additional 104,114 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on DUOL shares. UBS Group raised their price objective on shares of Duolingo from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on Duolingo from $360.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Barclays lifted their target price on Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.29.

Duolingo Stock Down 1.7%

Shares of DUOL opened at $520.23 on Tuesday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company has a market cap of $23.65 billion, a P/E ratio of 284.28 and a beta of 0.88. 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 firm has a 50 day simple moving average of $372.29 and a two-hundred day simple moving average of $354.58.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. Research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 9,020 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This represents a 6.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $21,054.96. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,853 shares of company stock valued at $31,627,441. 15.67% of the stock is currently owned by corporate insiders.

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.