Rakuten Securities Inc. Grows Position in Duolingo, Inc. (NASDAQ:DUOL)

Rakuten Securities Inc. increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,354 shares of the company’s stock after buying an additional 373 shares during the period. Duolingo comprises approximately 0.9% of Rakuten Securities Inc.’s investment portfolio, making the stock its 21st largest holding. Rakuten Securities Inc.’s holdings in Duolingo were worth $2,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the 4th quarter valued at approximately $31,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at approximately $29,000. Global Retirement Partners LLC lifted its position in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,258 shares of company stock worth $43,372,738 over the last three months. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Trading Down 0.8 %

DUOL opened at $274.91 on Wednesday. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 150.22 and a beta of 0.92. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The business’s 50 day moving average is $352.89 and its two-hundred day moving average is $315.68. 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 posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

DUOL has been the subject of several recent research reports. UBS Group increased their price objective on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Jefferies Financial Group assumed coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Finally, Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $375.00.

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.