SteelPeak Wealth LLC Raises Stake in Duolingo, Inc. $DUOL

SteelPeak Wealth LLC increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 79.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,002 shares of the company’s stock after purchasing an additional 7,997 shares during the quarter. SteelPeak Wealth LLC’s holdings in Duolingo were worth $3,159,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DUOL. Baillie Gifford & Co. increased 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 acquiring an additional 628,943 shares in the last quarter. Dragoneer Investment Group LLC raised its stake in shares of Duolingo by 324.4% in the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock valued at $508,760,000 after acquiring an additional 1,208,346 shares during the period. State Street Corp lifted its holdings in shares of Duolingo by 0.5% during the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after acquiring an additional 6,109 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Duolingo by 78.4% during the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after acquiring an additional 325,648 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Duolingo by 22,970.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock worth $133,650,000 after purchasing an additional 413,468 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent research reports. Barclays cut their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. BMO Capital Markets raised Duolingo to a “buy” rating in a research report on Monday, January 12th. UBS Group set a $245.00 target price on Duolingo in a research note on Monday, January 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $95.00 target price (down from $200.00) on shares of Duolingo in a report on Friday, February 27th. Finally, The Goldman Sachs Group reduced their price target on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $206.32.

Duolingo Stock Performance

NASDAQ:DUOL opened at $96.54 on Friday. The firm has a 50-day moving average of $109.26 and a two-hundred day moving average of $187.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market cap of $4.46 billion, a P/E ratio of 11.33, a PEG ratio of 0.67 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $91.61 and a 1-year high of $544.93.

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

Insider Buying and Selling

In other news, insider Natalie Glance sold 3,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the sale, the insider owned 115,380 shares of the company’s stock, valued at approximately $13,096,783.80. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total transaction of $110,060.00. Following the completion of the sale, the insider owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. This trade represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,939 shares of company stock worth $1,676,291 over the last 90 days. 15.67% of the stock is currently owned by corporate 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.