Sumitomo Mitsui DS Asset Management Company Ltd Buys New Stake in Duolingo, Inc. (NASDAQ:DUOL)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,443 shares of the company’s stock, valued at approximately $1,235,000.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. grew its stake in shares of Duolingo by 5.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock worth $744,529,000 after buying an additional 213,552 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Duolingo by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock worth $529,314,000 after buying an additional 122,209 shares in the last quarter. FMR LLC grew its stake in shares of Duolingo by 37.9% in the 3rd quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after buying an additional 280,051 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Duolingo by 147.6% in the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after buying an additional 358,938 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Duolingo by 4.9% in the 3rd quarter. Acadian Asset Management LLC now owns 366,526 shares of the company’s stock worth $60,775,000 after buying an additional 17,097 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Trading Down 0.7 %

Shares of DUOL opened at $214.84 on Friday. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87. The company has a 50-day moving average of $212.04 and a 200 day moving average of $202.66. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 631.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. On average, research analysts expect that Duolingo, Inc. will post 1.38 EPS for the current year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 price target for the company. Needham & Company LLC lifted their price target on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Bank of America lifted their price target on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Barclays lifted their price target on shares of Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and an average target price of $245.13.

Insider Activity

In other news, General Counsel Stephen C. Chen sold 2,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares in the company, valued at approximately $6,656,270. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.62, for a total value of $1,786,200.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at approximately $12,860.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares of the company’s stock, valued at approximately $6,656,270. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is currently 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.