3,943 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,943 shares of the company’s stock, valued at approximately $1,278,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. FMR LLC boosted its position in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. Spyglass Capital Management LLC purchased a new position in Duolingo in the 3rd quarter valued at about $38,512,000. Charles Schwab Investment Management Inc. boosted its position in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after buying an additional 101,653 shares during the last quarter. Bamco Inc. NY purchased a new position in Duolingo in the 3rd quarter valued at about $25,808,000. Finally, Lord Abbett & CO. LLC boosted its position in Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after buying an additional 76,875 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DUOL shares. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. The Goldman Sachs Group increased their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday. DA Davidson increased their price target on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Barclays increased their price target on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Duolingo Price Performance

DUOL opened at $295.23 on Tuesday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 161.33 and a beta of 0.89. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company’s 50-day moving average price is $358.86 and its 200 day moving average price is $312.43. 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 (NASDAQ:DUOL) last released its quarterly earnings data 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). The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo Company 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.