WIM INVESTMENT MANAGEMENT Ltd Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

WIM INVESTMENT MANAGEMENT Ltd purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, HoldingsChannel.com reports. The firm purchased 11,760 shares of the company’s stock, valued at approximately $3,317,000. Duolingo comprises 1.4% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 10th biggest holding.

Other large investors have also recently bought and sold shares of the company. Dragoneer Investment Group LLC acquired a new stake in Duolingo during the 2nd quarter worth about $204,768,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Duolingo by 23.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock worth $14,005,000 after purchasing an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC boosted its position in shares of Duolingo by 17.8% during the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after purchasing an additional 1,760 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Duolingo by 73.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Duolingo by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock worth $747,200,000 after purchasing an additional 67,004 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

DUOL stock opened at $307.32 on Friday. The company has a market capitalization of $13.52 billion, a P/E ratio of 167.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $330.61. The business has a 50-day simple moving average of $281.68 and a two-hundred day simple moving average of $224.95.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue was up 39.9% compared to the same quarter last year. Research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson increased their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Piper Sandler increased their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group increased their price objective on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.33.

Insider Transactions at Duolingo

In other news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the transaction, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. The trade was a 16.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the transaction, the general counsel now owns 35,558 shares in the company, valued at $7,522,294.90. The trade was a 35.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock worth $15,802,382 in the last 90 days. Insiders own 18.30% of the company’s stock.

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.