Ieq Capital LLC Acquires 5,919 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Ieq Capital LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 116.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after purchasing an additional 5,919 shares during the quarter. Ieq Capital LLC’s holdings in Duolingo were worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUOL. Blue Trust Inc. increased its stake in Duolingo by 228.7% during the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after purchasing an additional 327 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in Duolingo by 13.0% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 1,734 shares of the company’s stock worth $489,000 after acquiring an additional 200 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Duolingo during the 3rd quarter worth $568,000. Finally, State of Alaska Department of Revenue boosted its holdings in Duolingo by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,315 shares of the company’s stock worth $1,216,000 after acquiring an additional 295 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 188,901 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the completion of the sale, the chief financial officer now directly owns 63,266 shares in the company, valued at approximately $19,837,054.30. The trade was a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock worth $105,445,057 over the last quarter. 18.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on DUOL. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Needham & Company LLC lifted their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. DA Davidson lifted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $385.35 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a 50-day moving average price of $356.96 and a two-hundred day moving average price of $304.33.

About Duolingo

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.