Landscape Capital Management L.L.C. Buys New Holdings in Duolingo, Inc. $DUOL

Landscape Capital Management L.L.C. bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,381 shares of the company’s stock, valued at approximately $3,752,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its position in Duolingo by 3.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after buying an additional 32 shares in the last quarter. Evergreen Capital Management LLC increased its position in Duolingo by 5.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares in the last quarter. Smithfield Trust Co increased its position in Duolingo by 35.4% in the 3rd quarter. Smithfield Trust Co now owns 237 shares of the company’s stock valued at $76,000 after buying an additional 62 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Duolingo by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Duolingo by 0.9% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,848 shares of the company’s stock valued at $2,848,000 after buying an additional 82 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DUOL shares. Argus reaffirmed a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Truist Financial lowered Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Friday, February 27th. Citigroup reissued a “neutral” rating and set a $101.00 price objective (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. Barclays decreased their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings lowered Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $197.61.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the transaction, the insider directly owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the transaction, the insider directly owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 9,506 shares of company stock valued at $1,073,864. Company insiders own 16.62% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $122.63 on Monday. The stock has a fifty day simple moving average of $106.08 and a two-hundred day simple moving average of $129.74. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $489.00. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.93 and a beta of 0.89. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the company earned $0.72 earnings per share. Duolingo’s revenue was up 26.5% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.84 earnings per share for the current year.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.