Y Intercept Hong Kong Ltd Buys 21,531 Shares of Duolingo, Inc. $DUOL

Y Intercept Hong Kong Ltd raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 795.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,238 shares of the company’s stock after acquiring an additional 21,531 shares during the period. Y Intercept Hong Kong Ltd owned about 0.05% of Duolingo worth $9,938,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kiker Wealth Management LLC bought a new position in shares of Duolingo during the second quarter valued at about $31,000. Rise Advisors LLC lifted its position in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after buying an additional 24 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Duolingo during the 1st quarter worth approximately $28,000. Brooklyn Investment Group lifted its position in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after buying an additional 95 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Duolingo during the 1st quarter worth approximately $33,000. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,444 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider owned 120,080 shares of the company’s stock, valued at $39,509,922.40. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares in the company, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,791 shares of company stock worth $26,462,201. Company insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the topic of a number of recent analyst reports. Zacks Research lowered Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price on the stock in a research note on Monday, August 18th. Raymond James Financial reiterated a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lowered their price objective on shares of Duolingo from $515.00 to $465.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $414.05.

Duolingo Trading Down 0.5%

Shares of Duolingo stock opened at $312.00 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market capitalization of $14.30 billion, a P/E ratio of 128.40, a P/E/G ratio of 2.05 and a beta of 0.86. Duolingo, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93. The stock’s 50-day simple moving average is $312.02 and its 200 day simple moving average is $381.67.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same quarter last year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. As a group, research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

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.