Jacobs Levy Equity Management Inc. Buys 27,048 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Jacobs Levy Equity Management Inc. boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,301 shares of the company’s stock after acquiring an additional 27,048 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Duolingo were worth $27,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whale Rock Capital Management LLC boosted its position in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after buying an additional 245,599 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after buying an additional 154,659 shares during the last quarter. Quadrature Capital Ltd lifted its position in Duolingo by 3,273.5% during the 1st quarter. Quadrature Capital Ltd now owns 37,311 shares of the company’s stock worth $8,223,000 after buying an additional 36,205 shares in the last quarter. Consolidated Press International Holdings Ltd increased its position in Duolingo by 23.0% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 24,837 shares of the company’s stock valued at $5,479,000 after acquiring an additional 4,642 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Duolingo in the first quarter valued at approximately $887,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday. Wolfe Research initiated coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Needham & Company LLC lifted their price target on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. DA Davidson initiated coverage on shares of Duolingo in a report on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Duolingo from $243.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.20.

Insider Transactions at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of Duolingo stock in a transaction on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $196.24, for a total value of $294,360.00. Following the transaction, the insider now directly owns 145,782 shares in the company, valued at $28,608,259.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,198 shares of company stock valued at $11,929,033 over the last 90 days. 18.30% of the stock is owned by corporate insiders.

Duolingo Trading Down 1.0 %

DUOL traded down $1.73 during mid-day trading on Tuesday, hitting $168.19. The stock had a trading volume of 316,499 shares, compared to its average volume of 765,634. Duolingo, Inc. has a 1-year low of $121.89 and a 1-year high of $251.30. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 175.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The stock’s fifty day simple moving average is $191.42 and its 200-day simple moving average is $200.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The business had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. As a group, research analysts forecast that Duolingo, Inc. will post 1.74 EPS for the current fiscal 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.