Allianz Asset Management GmbH Purchases New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Allianz Asset Management GmbH purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,166 shares of the company’s stock, valued at approximately $2,536,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in Duolingo during the first quarter worth $25,000. Quarry LP increased its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after purchasing an additional 65 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Duolingo in the 1st quarter valued at about $31,000. Whittier Trust Co. acquired a new stake in Duolingo in the 1st quarter valued at about $33,000. Finally, Versant Capital Management Inc lifted its stake in Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Down 2.0%

NASDAQ DUOL opened at $333.71 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 164.39, a PEG ratio of 2.62 and a beta of 0.89. The company has a 50 day moving average of $437.47 and a 200-day moving average of $391.23. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business’s revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the completion of the sale, the insider owned 72 shares of the company’s stock, valued at $25,943.76. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 50,000 shares of company stock valued at $22,454,700 in the last quarter. 18.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent analyst reports. Scotiabank boosted their price target on Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price target on Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Citizens Jmp decreased their price objective on shares of Duolingo from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Monday. UBS Group restated an “overweight” rating on shares of Duolingo in a research note on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of Duolingo from $515.00 to $480.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and an average price target of $450.87.

Duolingo Company Profile

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.