Algert Global LLC Has $10.93 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

Algert Global LLC boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,714 shares of the company’s stock after buying an additional 4,471 shares during the quarter. Algert Global LLC’s holdings in Duolingo were worth $10,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DUOL. FMR LLC raised its holdings in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Norges Bank acquired a new position in Duolingo during the fourth quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company’s stock valued at $152,659,000 after buying an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Duolingo by 36.6% during the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company’s stock worth $126,042,000 after acquiring an additional 104,114 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DUOL shares. The Goldman Sachs Group raised their price target on 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 research note on Tuesday, March 18th. DA Davidson upped their price target on shares of Duolingo from $410.00 to $470.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Jefferies Financial Group initiated coverage on Duolingo in a research 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 and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $422.50.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the transaction, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,868 shares of company stock valued at $37,549,300. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Stock Up 21.6 %

DUOL stock opened at $486.42 on Friday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $487.00. The business has a 50-day simple moving average of $326.31 and a 200 day simple moving average of $336.84. 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 company has a market cap of $22.01 billion, a PE ratio of 265.80 and a beta of 0.91.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 37.6% compared to the same quarter last year. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 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.