Hanseatic Management Services Inc. Acquires New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Hanseatic Management Services Inc. bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,105 shares of the company’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares in the last quarter. State Street Corp grew its holdings in Duolingo by 3.6% during the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares during the last quarter. Dragoneer Investment Group LLC purchased a new position in Duolingo during the second quarter worth $204,768,000. Geode Capital Management LLC raised its holdings in shares of Duolingo by 2.5% in the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after acquiring an additional 16,481 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 271,124 shares of company stock worth $91,694,238 over the last ninety days. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

DUOL stock opened at $351.13 on Friday. The company has a market cap of $15.44 billion, a PE ratio of 191.88 and a beta of 0.87. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $337.06 and a two-hundred day moving average price of $268.90. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company’s revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, research analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on DUOL. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.90.

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.