Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 224.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,093 shares of the company’s stock after purchasing an additional 4,905 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Duolingo were worth $1,252,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. grew its stake in shares of Duolingo by 71.9% during the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after acquiring an additional 2,033,611 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Duolingo by 5,800.0% in the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock valued at $98,368,000 after purchasing an additional 551,000 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Duolingo by 22,970.4% in the third quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after purchasing an additional 413,468 shares during the last quarter. AQR Capital Management LLC grew its stake in Duolingo by 78.4% during the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after purchasing an additional 325,648 shares in the last quarter. Finally, Capital International Investors purchased a new stake in Duolingo during the 3rd quarter worth approximately $98,456,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
Duolingo Price Performance
Shares of DUOL opened at $106.01 on Wednesday. Duolingo, Inc. has a 52 week low of $87.89 and a 52 week high of $544.93. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.81 and a beta of 0.90. The stock has a 50 day moving average of $100.12 and a 200-day moving average of $148.27.
Insider Activity at Duolingo
In other news, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $110.06, for a total value of $110,060.00. Following the completion of the transaction, the insider directly owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Shelton acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $99.76 per share, with a total value of $498,800.00. Following the transaction, the director owned 9,632 shares in the company, valued at approximately $960,888.32. The trade was a 107.94% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 14,939 shares of company stock valued at $1,676,291 in the last ninety days. 16.62% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on DUOL shares. JPMorgan Chase & Co. upped their target price on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Truist Financial lowered shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Friday, February 27th. Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Citigroup reiterated a “neutral” rating and set a $101.00 price objective (down from $270.00) on shares of Duolingo in a research note on Friday, February 27th. Finally, Evercore set a $97.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $195.94.
Get Our Latest Stock Analysis on DUOL
Duolingo Company Profile
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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