GAMMA Investing LLC Increases Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

GAMMA Investing LLC grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 60.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570 shares of the company’s stock after buying an additional 214 shares during the period. GAMMA Investing LLC’s holdings in Duolingo were worth $185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its position in Duolingo by 63.6% in the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after acquiring an additional 76,875 shares in the last quarter. Tidal Investments LLC lifted its stake in Duolingo by 8.0% during the third quarter. Tidal Investments LLC now owns 1,561 shares of the company’s stock worth $440,000 after purchasing an additional 115 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Duolingo in the 3rd quarter worth about $199,000. Geode Capital Management LLC boosted its holdings in shares of Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock worth $189,790,000 after purchasing an additional 16,481 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Duolingo by 90.9% during the 3rd quarter. Barclays PLC now owns 42,613 shares of the company’s stock valued at $12,018,000 after purchasing an additional 20,289 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on DUOL shares. Scotiabank assumed coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Needham & Company LLC boosted their price target on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $353.90.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,660 shares of company stock valued at $87,726,551 over the last quarter. 18.30% of the stock is owned by company insiders.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $323.14 on Thursday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 176.58 and a beta of 0.87. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The company has a 50-day moving average price of $334.23 and a 200-day moving average price of $262.87.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.

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.