Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 362.3% during the fourth quarter, HoldingsChannel reports. The firm owned 43,833 shares of the company’s stock after buying an additional 34,351 shares during the period. Pacer Advisors Inc.’s holdings in Duolingo were worth $14,212,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. True Wealth Design LLC purchased a new stake in Duolingo during the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo during the third quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. Nisa Investment Advisors LLC grew its position in Duolingo by 50.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock valued at $58,000 after buying an additional 60 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Duolingo in the 3rd quarter valued at $68,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on DUOL. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Barclays increased their price objective on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their target price on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Stock Performance

NASDAQ:DUOL opened at $350.72 on Wednesday. The firm’s fifty day simple moving average is $340.10 and its 200 day simple moving average is $276.65. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 191.65 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock valued at $95,033,738 over the last 90 days. 18.30% of the stock is owned by corporate insiders.

Duolingo 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.