New Age Alpha Advisors LLC Makes New $2.62 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

New Age Alpha Advisors LLC acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,082 shares of the company’s stock, valued at approximately $2,620,000.

Several other institutional investors and hedge funds have also modified their holdings of DUOL. Vanguard Group Inc. lifted its stake in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after buying an additional 70,705 shares in the last quarter. State Street Corp raised its holdings in shares of Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after acquiring an additional 36,923 shares during the period. Geode Capital Management LLC lifted its position in Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after acquiring an additional 16,481 shares in the last quarter. Norges Bank acquired a new position in Duolingo in the 4th quarter worth $152,296,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Duolingo by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after purchasing an additional 4,171 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 2,667 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,850 shares of company stock valued at $34,389,695 over the last ninety days. 18.30% of the stock is currently owned by company insiders.

Duolingo Trading Down 5.4 %

Shares of NASDAQ:DUOL opened at $315.00 on Friday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week 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 market capitalization of $14.25 billion, a P/E ratio of 172.13 and a beta of 0.92. The company has a 50-day simple moving average of $347.74 and a 200 day simple moving average of $323.80.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DUOL shares. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Barclays upped their price target on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $377.08.

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.