Impax Asset Management Group plc boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,851 shares of the company’s stock after buying an additional 288 shares during the quarter. Impax Asset Management Group plc’s holdings in Duolingo were worth $2,399,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in DUOL. Rise Advisors LLC increased its position in Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC bought a new stake in shares of Duolingo in the first quarter worth $28,000. Brooklyn Investment Group increased its holdings in Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 95 shares during the period. Kiker Wealth Management LLC acquired a new stake in Duolingo in the second quarter valued at $31,000. Finally, Whittier Trust Co. bought a new position in Duolingo during the 1st quarter worth $33,000. 91.59% of the stock is owned by institutional investors.
Duolingo Price Performance
Shares of DUOL opened at $186.54 on Friday. The firm has a market cap of $8.55 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83. Duolingo, Inc. has a 52-week low of $182.00 and a 52-week high of $544.93. The business’s 50 day moving average price is $290.11 and its two-hundred day moving average price is $371.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82.
Insider Activity at Duolingo
In other news, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the transaction, the general counsel owned 32,638 shares of the company’s stock, valued at $10,488,547.68. This represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the sale, the insider directly owned 116,171 shares of the company’s stock, valued at $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,735 shares of company stock worth $22,998,736 over the last three months. 15.67% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DUOL shares. Wells Fargo & Company reduced their price target on Duolingo from $239.00 to $185.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Baird R W upgraded Duolingo to a “hold” rating in a report on Friday, September 5th. DA Davidson decreased their target price on shares of Duolingo from $300.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Evercore ISI set a $330.00 price target on shares of Duolingo and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $340.53.
Check Out Our Latest Stock Report on Duolingo
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.
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