Pacer Advisors Inc. Has $23.50 Million Holdings in Duolingo, Inc. $DUOL

Pacer Advisors Inc. boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 416.0% in the first quarter, Holdings Channel.com reports. The firm owned 238,458 shares of the company’s stock after acquiring an additional 192,245 shares during the period. Pacer Advisors Inc.’s holdings in Duolingo were worth $23,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Duolingo by 3.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after buying an additional 32 shares during the period. Evergreen Capital Management LLC raised its position in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Duolingo by 1.2% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,953 shares of the company’s stock valued at $1,571,000 after acquiring an additional 105 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in Duolingo by 3.7% during the 4th quarter. Diversify Wealth Management LLC now owns 3,139 shares of the company’s stock worth $520,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore set a $97.00 price target on shares of Duolingo in a research note on Tuesday, May 5th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Wedbush started coverage on shares of Duolingo in a report on Thursday, July 16th. They set a “neutral” rating and a $139.00 target price for the company. Weiss Ratings raised shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $130.00 price target on shares of Duolingo in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $152.29.

Insider Activity

In other news, insider Natalie Glance sold 3,360 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 firm’s 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 transaction, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This represents a 3.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 9,506 shares of company stock valued at $1,073,864. 16.62% of the stock is owned by insiders.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $135.80 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a 50 day moving average price of $123.92 and a 200 day moving average price of $115.45. The stock has a market capitalization of $6.33 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $468.00.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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 analyst estimates of $288.60 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 26.5% on a year-over-year basis. Analysts predict that Duolingo, Inc. will post 2.81 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.