Dream Peak Capital Ltd Purchases Shares of 104,532 Duolingo, Inc. $DUOL

Dream Peak Capital Ltd purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOLFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 104,532 shares of the company’s stock, valued at approximately $18,345,000. Duolingo accounts for approximately 1.9% of Dream Peak Capital Ltd’s investment portfolio, making the stock its 5th largest position.

Several other institutional investors have also recently made changes to their positions in DUOL. Baillie Gifford & Co. raised its position in shares of Duolingo by 28.6% in the third quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after buying an additional 628,943 shares in the last quarter. Dragoneer Investment Group LLC grew its position in Duolingo by 324.4% during the third quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock worth $508,760,000 after buying an additional 1,208,346 shares in the last quarter. State Street Corp increased its stake in Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after acquiring an additional 6,109 shares during the last quarter. AQR Capital Management LLC increased its stake in Duolingo by 78.4% in the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock worth $238,441,000 after acquiring an additional 325,648 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Duolingo in the 2nd quarter valued at about $192,965,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DUOL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. Argus reaffirmed a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. BMO Capital Markets upgraded shares of Duolingo to a “buy” rating in a research report on Monday, January 12th. Jefferies Financial Group boosted their price target on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $95.00 price target (down from $200.00) on shares of Duolingo in a report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $206.32.

Check Out Our Latest Analysis on DUOL

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Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $99.12 on Thursday. The stock’s 50-day moving average is $116.95 and its 200 day moving average is $196.49. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.68 and a beta of 0.90. Duolingo, Inc. has a 1-year low of $91.99 and a 1-year high of $544.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOLGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The business had revenue of $282.87 million during the quarter, compared to analyst estimates of $275.95 million. The company’s quarterly revenue was up 35.0% on a year-over-year basis. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 3,986 shares of Duolingo stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the transaction, the chief financial officer owned 31,631 shares in the company, valued at $3,590,751.12. This trade represents a 11.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 3,545 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the sale, the insider directly owned 115,380 shares of the company’s stock, valued at $13,096,783.80. This represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,939 shares of company stock worth $1,676,291. Corporate insiders own 15.67% of the company’s stock.

Duolingo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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