Y Intercept Hong Kong Ltd Acquires 8,748 Shares of Duolingo, Inc. $DUOL

Y Intercept Hong Kong Ltd lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 25.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 42,860 shares of the company’s stock after purchasing an additional 8,748 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Duolingo were worth $4,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Baillie Gifford & Co. raised its stake in Duolingo by 71.9% in 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 in the last quarter. State of Michigan Retirement System lifted its holdings in Duolingo by 5,800.0% during the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock worth $98,368,000 after buying an additional 551,000 shares during the period. FIL Ltd boosted its position in Duolingo by 1,715,575.9% during the 4th quarter. FIL Ltd now owns 497,546 shares of the company’s stock valued at $87,319,000 after acquiring an additional 497,517 shares in the last quarter. Norges Bank bought a new stake in Duolingo during the 4th quarter valued at $86,159,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Duolingo by 22,970.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after acquiring an additional 413,468 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Evercore set a $97.00 price target on shares of Duolingo in a research report on Tuesday, May 5th. Finally, DA Davidson restated a “neutral” rating and issued a $120.00 price target on shares of Duolingo in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.41.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the sale, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider owned 170,745 shares in the company, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is currently owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL opened at $125.76 on Monday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.86 billion, a PE ratio of 14.47, a P/E/G ratio of 0.98 and a beta of 0.88. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $468.00. The stock has a fifty day moving average price of $114.19 and a 200-day moving average price of $122.58.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities research analysts predict that Duolingo, Inc. will post 2.76 earnings per share 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.