Allianz Asset Management GmbH Has $7.48 Million Stock Position in Duolingo, Inc. $DUOL

Allianz Asset Management GmbH raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 123.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,251 shares of the company’s stock after buying an additional 10,085 shares during the quarter. Allianz Asset Management GmbH’s holdings in Duolingo were worth $7,483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System grew its holdings in Duolingo by 13.2% in the 2nd quarter. New York State Teachers Retirement System now owns 35,338 shares of the company’s stock valued at $14,489,000 after buying an additional 4,123 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Duolingo in the 2nd quarter valued at approximately $325,000. Kiker Wealth Management LLC acquired a new stake in Duolingo in the 2nd quarter valued at approximately $31,000. Envestnet Portfolio Solutions Inc. grew its holdings in Duolingo by 113.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,279 shares of the company’s stock valued at $934,000 after buying an additional 1,211 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Duolingo in the 2nd quarter valued at approximately $230,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $344.56, for a total transaction of $3,445,600.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $24,808.32. This trade represents a 99.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares of the company’s stock, valued at $13,757,269.55. This trade represents a 20.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,791 shares of company stock worth $26,462,201 in the last 90 days. 15.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUOL has been the topic of a number of research analyst reports. Barclays raised their target price on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $460.00 price objective on shares of Duolingo in a research report on Wednesday, September 17th. Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Argus started coverage on Duolingo in a research report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 price objective for the company. Finally, Citizens Jmp reduced their price objective on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research report on Monday, July 28th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $414.05.

Duolingo Price Performance

Duolingo stock opened at $307.57 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market capitalization of $14.09 billion, a PE ratio of 126.57, a price-to-earnings-growth ratio of 2.09 and a beta of 0.86. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93. The business has a 50 day simple moving average of $312.65 and a 200 day simple moving average of $380.51.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.Duolingo’s revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS 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.