International Assets Investment Management LLC Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

International Assets Investment Management LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,282 shares of the company’s stock, valued at approximately $4,374,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. grew its position in Duolingo by 0.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock valued at $2,003,000 after buying an additional 72 shares during the period. PNC Financial Services Group Inc. raised its holdings in Duolingo by 4.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock worth $647,000 after purchasing an additional 165 shares during the period. FSC Wealth Advisors LLC purchased a new position in Duolingo during the fourth quarter valued at $39,000. Victory Capital Management Inc. grew its holdings in Duolingo by 6.6% during the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock valued at $619,000 after purchasing an additional 232 shares during the period. Finally, California State Teachers Retirement System increased its position in Duolingo by 0.7% in the third quarter. California State Teachers Retirement System now owns 32,453 shares of the company’s stock worth $5,383,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 1.7 %

Shares of Duolingo stock opened at $244.64 on Thursday. Duolingo, Inc. has a twelve month low of $121.89 and a twelve month high of $251.30. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $220.23 and a 200-day moving average price of $206.90. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 719.55 and a beta of 0.82.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DUOL. Piper Sandler lifted their price objective on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Bank of America increased their price objective 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. Needham & Company LLC lifted their target price on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays increased their price target on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. assumed coverage on Duolingo in a research report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $245.13.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total transaction of $2,833,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $235.18, for a total value of $1,881,440.00. Following the completion of the transaction, the chief financial officer now owns 64,523 shares in the company, valued at approximately $15,174,519.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,223 shares of company stock worth $27,273,230. Insiders own 19.85% of the company’s stock.

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.