AlphaQuest LLC Buys 336 Shares of Duolingo, Inc. (NASDAQ:DUOL)

AlphaQuest LLC lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 89.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 710 shares of the company’s stock after acquiring an additional 336 shares during the quarter. AlphaQuest LLC’s holdings in Duolingo were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Duolingo in the 4th quarter worth approximately $1,994,000. Lecap Asset Management Ltd. acquired a new position in Duolingo in the fourth quarter valued at $429,000. Charles Schwab Investment Management Inc. grew its holdings in Duolingo by 42.2% during the 3rd 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. Rockefeller Capital Management L.P. bought a new position in shares of Duolingo in the 3rd quarter worth about $4,350,000. Finally, Diversified Trust Co acquired a new position in shares of Duolingo in the 4th quarter valued at about $784,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total value of $3,368,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,251.04. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,499 shares of company stock valued at $29,162,568 in the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the subject of a number of research analyst reports. Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Duolingo Trading Up 4.1 %

Shares of Duolingo stock opened at $283.54 on Friday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $350.03 and a 200 day simple moving average of $316.48. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a market capitalization of $12.83 billion, a P/E ratio of 154.94 and a beta of 0.92.

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

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.