Jefferies Financial Group Inc. Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Jefferies Financial Group Inc. has acquired a new position in Duolingo, Inc., purchasing 12,148 shares valued at approximately $3.77 million.
• Institutional investors own 91.59% of Duolingo's stock, with notable increases in holdings from firms like FMR LLC and T. Rowe Price.
• Analysts have varied target prices for Duolingo, with a consensus target price of $450.87 and a majority rating it as a "Moderate Buy."

Jefferies Financial Group Inc. purchased a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,148 shares of the company's stock, valued at approximately $3,772,000.

Several other institutional investors have also modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in Duolingo in the first quarter valued at $25,000. Quarry LP raised its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of Duolingo in the first quarter valued at about $31,000. Whittier Trust Co. purchased a new stake in shares of Duolingo in the first quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its holdings in shares of Duolingo by 323.1% in the first quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $360.33, for a total value of $3,603,300.00. Following the completion of the sale, the insider owned 72 shares of the company's stock, valued at $25,943.76. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 40,000 shares of company stock valued at $17,495,200 over the last ninety days. 18.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on DUOL. Argus began coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Barclays boosted their price target on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Needham & Company LLC increased their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on shares of Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $450.87.

Duolingo Trading Down 0.1%

Shares of Duolingo stock traded down $0.33 during trading hours on Tuesday, hitting $352.03. The company's stock had a trading volume of 146,967 shares, compared to its average volume of 886,818. Duolingo, Inc. has a 1-year low of $160.14 and a 1-year high of $544.93. The business has a fifty day moving average of $423.60 and a 200 day moving average of $392.13. The company has a market capitalization of $16.00 billion, a PE ratio of 173.41, a P/E/G ratio of 2.60 and a beta of 0.87. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

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.