GAM Holding AG Invests $732,000 in Duolingo, Inc. $DUOL

GAM Holding AG bought a new position in Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,786 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new position in shares of Duolingo in the 1st quarter worth approximately $3,772,000. Hsbc Holdings PLC raised its position in shares of Duolingo by 39.0% in the 1st quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after acquiring an additional 894 shares in the last quarter. Encompass More Asset Management bought a new position in shares of Duolingo in the 1st quarter worth approximately $762,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Duolingo by 965.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock worth $2,822,000 after buying an additional 6,236 shares during the last quarter. Finally, Jump Financial LLC grew its stake in shares of Duolingo by 563.7% in the 1st quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock worth $32,511,000 after buying an additional 88,918 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction 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 transaction, the insider directly owned 72 shares of the company’s stock, valued at $24,808.32. This represents a 99.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Natalie Glance sold 3,283 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,791 shares of company stock valued at $26,462,201 in the last ninety days. 15.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DUOL. Baird R W upgraded Duolingo to a “hold” rating in a research note on Friday, September 5th. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. Barclays upped their price target on Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. JMP Securities cut their price target on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a research note on Monday, July 28th. Finally, Robert W. Baird began coverage on Duolingo in a research note on Friday, September 5th. They issued a “neutral” rating and a $280.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $414.05.

Duolingo Price Performance

NASDAQ DUOL opened at $270.64 on Friday. The business’s fifty day moving average price is $305.64 and its 200-day moving average price is $379.69. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 111.37, a PEG ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a 1-year low of $256.63 and a 1-year high of $544.93.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company’s revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current 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.