62,500 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by WT Asset Management Ltd

WT Asset Management Ltd bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,500 shares of the company’s stock, valued at approximately $20,264,000. Duolingo comprises approximately 2.2% of WT Asset Management Ltd’s investment portfolio, making the stock its 12th largest holding. WT Asset Management Ltd owned about 0.14% of Duolingo at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares during the last quarter. Spyglass Capital Management LLC purchased a new stake in Duolingo during the 3rd quarter worth about $38,512,000. Charles Schwab Investment Management Inc. raised its stake in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY purchased a new position in Duolingo in the 3rd quarter valued at about $25,808,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DUOL shares. Scotiabank assumed coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. Seaport Res Ptn lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their price objective on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.55.

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 4,464 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the transaction, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. The trade was a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 279,624 shares of company stock valued at $94,563,698 over the last quarter. Company insiders own 18.30% of the company’s stock.

Duolingo Price Performance

DUOL opened at $386.16 on Wednesday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $387.88. The company has a 50 day moving average of $342.29 and a two-hundred day moving average of $283.15. The company has a market cap of $16.99 billion, a P/E ratio of 211.02 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly 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 net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 39.9% on a year-over-year basis. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current 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.