Cookson Peirce & Co. Inc. Increases Holdings in Duolingo, Inc. $DUOL

Cookson Peirce & Co. Inc. boosted its stake in Duolingo, Inc. (NASDAQ:DUOL) by 13.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,821 shares of the company’s stock after buying an additional 10,597 shares during the quarter. Duolingo makes up about 1.6% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 21st biggest position. Cookson Peirce & Co. Inc.’s holdings in Duolingo were worth $35,598,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after buying an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after buying an additional 520,069 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Duolingo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company’s stock valued at $133,987,000 after buying an additional 1,506 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Duolingo by 23.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company’s stock valued at $66,640,000 after buying an additional 40,812 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Duolingo by 123.8% in the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock valued at $61,478,000 after buying an additional 111,589 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a research note on Tuesday, August 26th. JMP Securities reduced their target price on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a research note on Monday, July 28th. Zacks Research lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Baird R W upgraded Duolingo to a “hold” rating in a report on Friday, September 5th. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $414.05.

Duolingo Trading Up 1.6%

Shares of DUOL opened at $317.61 on Wednesday. The stock has a fifty day moving average of $313.06 and a two-hundred day moving average of $381.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market capitalization of $14.55 billion, a PE ratio of 130.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.Duolingo’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew Skaruppa sold 10,937 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares of the company’s stock, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,791 shares of company stock worth $23,315,001. 18.30% of the stock is currently owned by company insiders.

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.