Y Intercept Hong Kong Ltd Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Y Intercept Hong Kong Ltd bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,991 shares of the company’s stock, valued at approximately $1,618,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Duolingo by 26.9% in 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 last quarter. State Street Corp raised its holdings in shares of Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Duolingo by 2.5% in the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after purchasing an additional 16,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised 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 valued at $55,747,000 after purchasing an additional 76,875 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $385.81 on Wednesday. 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 firm has a market capitalization of $16.97 billion, a PE ratio of 210.83 and a beta of 0.89. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a 50-day moving average price of $358.42 and a two-hundred day moving average price of $308.22.

Insiders Place Their Bets

In other news, CFO Matthew Skaruppa sold 4,464 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 63,266 shares in the company, valued at approximately $19,837,054.30. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 305,639 shares of company stock worth $105,445,057 over the last quarter. 18.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUOL. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Needham & Company LLC raised their price objective on shares of 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 raised their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays raised their price objective on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Seven investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.