Impax Asset Management Group plc Decreases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Impax Asset Management Group plc trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,163 shares of the company’s stock after selling 3,130 shares during the period. Impax Asset Management Group plc’s holdings in Duolingo were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in Duolingo in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter worth about $31,000. Farther Finance Advisors LLC lifted its position in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 72 shares of the company’s stock, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,639 shares of company stock worth $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Duolingo Trading Down 1.0 %

Shares of NASDAQ:DUOL opened at $385.81 on Wednesday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 210.83 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a 50 day moving average price of $358.42 and a 200 day moving average price of $308.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUOL. Jefferies Financial Group began coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. UBS Group increased their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC increased their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

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.