Numerai GP LLC Has $903,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Numerai GP LLC lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 190.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,786 shares of the company’s stock after buying an additional 1,828 shares during the period. Numerai GP LLC’s holdings in Duolingo were worth $903,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DUOL. Kensington Investment Counsel LLC grew its stake in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after purchasing an additional 30 shares in the last quarter. Lido Advisors LLC boosted its holdings in shares of Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company’s stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the last quarter. Lisanti Capital Growth LLC boosted its holdings in shares of Duolingo by 0.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after buying an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after acquiring an additional 42 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $35,708.40. The trade was a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock valued at $38,594,200 over the last quarter. 15.67% of the stock is owned by corporate insiders.

Duolingo Price Performance

Shares of Duolingo stock opened at $540.68 on Thursday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The company has a 50-day simple moving average of $357.55 and a two-hundred day simple moving average of $348.94. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 295.46 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Morgan Stanley raised their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. DA Davidson raised their target price on shares of Duolingo from $410.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Piper Sandler set a $375.00 price objective on Duolingo in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $426.29.

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.