Duolingo, Inc. $DUOL Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,397 shares of the company’s stock after acquiring an additional 9,159 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of Duolingo worth $10,748,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Duolingo by 16.3% in the second quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $76,000 after purchasing an additional 26 shares in the last quarter. US Bancorp DE grew its position in Duolingo by 1.4% in the 2nd quarter. US Bancorp DE now owns 1,968 shares of the company’s stock valued at $807,000 after buying an additional 28 shares in the last quarter. New York Life Investment Management LLC increased its stake in Duolingo by 0.7% during the 2nd quarter. New York Life Investment Management LLC now owns 4,067 shares of the company’s stock valued at $1,668,000 after buying an additional 30 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after buying an additional 32 shares during the period. Finally, Evergreen Capital Management LLC raised its position 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 in the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 1.5%

Duolingo stock opened at $155.98 on Friday. Duolingo, Inc. has a twelve month low of $142.10 and a twelve month high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market cap of $7.21 billion, a PE ratio of 19.77, a P/E/G ratio of 0.81 and a beta of 0.87. The firm’s 50 day moving average price is $177.82 and its two-hundred day moving average price is $266.32.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same period in the previous year, the company posted $0.49 EPS. Duolingo’s revenue was up 41.1% on a year-over-year basis. On average, research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUOL. Needham & Company LLC decreased their price objective on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Truist Financial set a $245.00 price target on Duolingo in a research note on Thursday, January 15th. Evercore ISI set a $330.00 price objective on Duolingo and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Zacks Research lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company lowered their target price on Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a report on Thursday, January 8th. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $303.50.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,514 shares of Duolingo stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total transaction of $266,267.18. Following the completion of the sale, the general counsel directly owned 31,542 shares in the company, valued at $5,547,291.54. The trade was a 4.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 2,534 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $177.95, for a total value of $450,925.30. Following the completion of the sale, the insider directly owned 113,637 shares of the company’s stock, valued at approximately $20,221,704.15. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 43,169 shares of company stock worth $8,457,951. 15.67% of the stock is owned by company insiders.

Duolingo Company 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.