Chung Wu Investment Group LLC Purchases New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Chung Wu Investment Group LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,200 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also bought and sold shares of DUOL. FMR LLC grew its holdings in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. Spyglass Capital Management LLC bought a new position in shares of Duolingo in the third quarter worth $38,512,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares during the period. Bamco Inc. NY bought a new position in shares of Duolingo in the third quarter worth $25,808,000. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Duolingo by 63.6% in the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after acquiring an additional 76,875 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. This represents a 99.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock worth $105,445,057 in the last three months. Insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL opened at $292.74 on Thursday. 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 business’s 50 day moving average price is $356.98 and its 200-day moving average price is $312.92. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The stock has a market cap of $12.88 billion, a P/E ratio of 159.97 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. UBS Group lifted their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Scotiabank initiated coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. Finally, Barclays lifted their price objective on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $375.00.

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.