BIT Capital GmbH Sells 51,896 Shares of Duolingo, Inc. (NASDAQ:DUOL)

BIT Capital GmbH decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 33.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,693 shares of the company’s stock after selling 51,896 shares during the quarter. Duolingo accounts for about 2.6% of BIT Capital GmbH’s portfolio, making the stock its 16th largest holding. BIT Capital GmbH owned approximately 0.23% of Duolingo worth $32,972,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Duolingo during the third quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co lifted its position in shares of Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DUOL. JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

Duolingo Stock Performance

Duolingo stock opened at $331.22 on Thursday. The business has a 50 day moving average of $348.64 and a 200-day moving average of $322.31. The company has a market capitalization of $14.99 billion, a P/E ratio of 181.00 and a beta of 0.92. 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 current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (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 business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares in the company, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is currently owned by company insiders.

Duolingo Company 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.