2,947 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,947 shares of the company’s stock, valued at approximately $956,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in Duolingo during the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the 3rd quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC raised its position in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 3,284 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the transaction, the chief financial officer now directly owns 59,982 shares in the company, valued at approximately $26,108,964.96. This trade represents a 5.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,639 shares of company stock valued at $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUOL. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday. UBS Group raised their target price on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. The Goldman Sachs Group raised their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Barclays upped their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $375.00.

Duolingo Trading Down 5.4 %

NASDAQ DUOL opened at $295.23 on Tuesday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The business has a 50 day moving average price of $358.86 and a 200-day moving average price of $312.43. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 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 business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

About Duolingo

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.