USS Investment Management Ltd Acquires Shares of 63,429 Duolingo, Inc. $DUOL

USS Investment Management Ltd acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the first quarter, Holdings Channel.com reports. The fund acquired 63,429 shares of the company’s stock, valued at approximately $6,252,000.

Several other institutional investors and hedge funds have also made changes to their positions in DUOL. Meiji Yasuda Asset Management Co Ltd. grew its holdings 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 purchasing an additional 32 shares in the last quarter. Evergreen Capital Management LLC boosted its position in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares during the last quarter. Diversified Trust Co. grew its stake in shares of Duolingo by 4.5% during the fourth quarter. Diversified Trust Co. now owns 2,166 shares of the company’s stock valued at $380,000 after acquiring an additional 93 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Duolingo by 103.0% during the third quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after acquiring an additional 104 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of analyst reports. Evercore set a $97.00 target price on Duolingo in a research report on Tuesday, May 5th. Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Argus restated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. UBS Group restated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average price target of $175.41.

Duolingo Price Performance

DUOL opened at $125.76 on Friday. The company has a market capitalization of $5.86 billion, a P/E ratio of 14.47, a PEG ratio of 0.94 and a beta of 0.88. The company has a 50-day moving average of $113.79 and a 200-day moving average of $123.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $468.00.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to analysts’ expectations of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. Equities analysts expect that Duolingo, Inc. will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the transaction, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the transaction, the general counsel directly owned 52,807 shares in the company, valued at approximately $5,999,403.27. This represents a 3.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock worth $1,073,864 over the last quarter. 16.62% of the stock is owned by corporate insiders.

About Duolingo

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.