Taika Capital LP Makes New $2.70 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

Taika Capital LP 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 (SEC). The firm acquired 8,318 shares of the company’s stock, valued at approximately $2,697,000. Duolingo comprises 2.1% of Taika Capital LP’s holdings, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mount Lucas Management LP grew its stake in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after acquiring an additional 32 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares during the last quarter. Lisanti Capital Growth LLC increased its holdings in shares of Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after buying an additional 42 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 72 shares in the company, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,159 shares of company stock worth $107,512,184 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

Duolingo stock opened at $295.56 on Monday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company’s 50-day moving average is $354.84 and its 200 day moving average is $314.76. The firm has a market capitalization of $13.00 billion, a P/E ratio of 161.51 and a beta of 0.92. 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 issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

DUOL has been the topic of a number of research reports. UBS Group lifted their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Needham & Company LLC raised their target price on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. upped 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. Barclays increased their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $375.00.

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.