Hillsdale Investment Management Inc. Has $5.09 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Hillsdale Investment Management Inc. lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,700 shares of the company’s stock after selling 7,950 shares during the period. Hillsdale Investment Management Inc.’s holdings in Duolingo were worth $5,090,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Atria Investments Inc acquired a new position in shares of Duolingo in the 3rd quarter valued at $279,000. CIBC Asset Management Inc grew its holdings in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after buying an additional 32 shares during the period. Quest Partners LLC acquired a new position in shares of Duolingo in the 3rd quarter valued at $105,000. Pathstone Holdings LLC grew its holdings in shares of Duolingo by 15.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after buying an additional 694 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Duolingo by 5.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock valued at $1,443,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,499 shares of company stock worth $32,677,268 in the last ninety days. Insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DUOL shares. The Goldman Sachs Group boosted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. UBS Group set a $400.00 price target on shares of Duolingo in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. DA Davidson boosted their price objective on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Trading Up 1.0 %

Shares of NASDAQ:DUOL opened at $309.30 on Friday. The company’s 50-day moving average price is $347.58 and its two-hundred day moving average price is $318.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The stock has a market capitalization of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS 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.