Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,263 shares of the company’s stock after acquiring an additional 208 shares during the period. WINTON GROUP Ltd’s holdings in Duolingo were worth $1,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Duolingo in the third quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd lifted its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Finally, Smithfield Trust Co raised its position in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DUOL. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. DA Davidson lifted their target price on Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $377.08.

Duolingo Trading Down 5.4 %

Duolingo stock opened at $315.00 on Friday. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $14.25 billion, a PE ratio of 172.13 and a beta of 0.92. The firm has a 50 day simple moving average of $347.74 and a 200-day simple moving average of $323.06.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Meese sold 5,351 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the completion of the sale, the insider now directly owns 133,805 shares of the company’s stock, valued at $42,820,276.10. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,850 shares of company stock valued at $34,389,695 over the last three months. Company insiders own 18.30% of the company’s stock.

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.