Tredje AP fonden Makes New Investment in Duolingo, Inc. $DUOL

Tredje AP fonden purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,083 shares of the company’s stock, valued at approximately $854,000.

Other hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC lifted its stake in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC bought a new stake in Duolingo in the first quarter worth $28,000. Brooklyn Investment Group raised its stake in shares of Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter. Kiker Wealth Management LLC bought a new position in shares of Duolingo during the second quarter valued at about $31,000. Finally, Whittier Trust Co. bought a new position in shares of Duolingo during the first quarter valued at about $33,000. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the transaction, the insider owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 of the company’s stock, valued at $13,757,269.55. This represents a 20.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 73,791 shares of company stock valued at $23,018,101. Insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JMP Securities lowered their price objective on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research note on Monday, July 28th. Wells Fargo & Company assumed coverage on shares of Duolingo in a research note on Monday, September 8th. They set an “underweight” rating and a $239.00 price objective for the company. Baird R W raised shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $460.00 price objective on shares of Duolingo in a research note on Wednesday, September 17th. Finally, Robert W. Baird assumed coverage on shares of Duolingo in a research note on Friday, September 5th. They set a “neutral” rating and a $280.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $414.05.

Duolingo Trading Down 2.1%

NASDAQ DUOL opened at $264.93 on Tuesday. The firm has a market capitalization of $12.14 billion, a PE ratio of 109.02, a P/E/G ratio of 1.78 and a beta of 0.83. The stock’s 50 day moving average is $304.51 and its 200 day moving average is $380.02. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

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