Erste Asset Management GmbH Has $4.81 Million Stock Position in Duolingo, Inc. $DUOL

Erste Asset Management GmbH decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 41.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,643 shares of the company’s stock after selling 18,584 shares during the period. Erste Asset Management GmbH’s holdings in Duolingo were worth $4,806,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after purchasing an additional 32 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Duolingo by 5.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock worth $335,000 after buying an additional 39 shares during the period. Smithfield Trust Co boosted its holdings in shares of Duolingo by 35.4% during the 3rd quarter. Smithfield Trust Co now owns 237 shares of the company’s stock worth $76,000 after buying an additional 62 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Duolingo by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock worth $3,778,000 after buying an additional 73 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Duolingo by 0.9% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,848 shares of the company’s stock worth $2,848,000 after buying an additional 82 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of Duolingo stock opened at $117.86 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $503.49. The firm has a fifty day moving average price of $104.50 and a two-hundred day moving average price of $130.77. The company has a market cap of $5.49 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.89 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The firm had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the firm earned $0.72 EPS. The business’s revenue was up 26.5% on a year-over-year basis. Analysts expect that Duolingo, Inc. will post 2.84 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, General Counsel Stephen C. Chen sold 1,977 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the completion of the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 9,506 shares of company stock valued at $1,073,864 in the last ninety days. Company insiders own 16.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DUOL. DA Davidson upped their price objective on shares of Duolingo from $90.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley decreased their price objective on shares of Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Zacks Research raised 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 objective on shares of Duolingo in a report on Tuesday, May 5th. Finally, Truist Financial downgraded shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Duolingo presently has an average rating of “Hold” and a consensus price target of $197.61.

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.