Nomura Holdings Inc. Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Nomura Holdings Inc. purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,029 shares of the company's stock, valued at approximately $1,631,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its position in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd raised its position in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC increased its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 113 shares during the period. Finally, Smithfield Trust Co lifted its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Trading Up 1.1%

NASDAQ DUOL traded up $5.50 on Tuesday, hitting $525.73. 764,188 shares of the stock were exchanged, compared to its average volume of 717,768. The firm has a market capitalization of $23.90 billion, a P/E ratio of 287.29 and a beta of 0.88. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93. The stock has a fifty day moving average price of $377.35 and a two-hundred day moving average price of $355.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo's revenue was up 37.6% compared to the same quarter last year. Research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gillian Munson sold 5,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares of the company's stock, valued at approximately $1,094,300. This represents a 58.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,853 shares of company stock valued at $31,627,441. Company insiders own 15.67% of the company's stock.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Needham & Company LLC increased their price target on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. DA Davidson boosted their price objective on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $426.29.

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.