Jacobs Levy Equity Management Inc. Acquires 1,583 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Jacobs Levy Equity Management Inc. lifted its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,090 shares of the company's stock after buying an additional 1,583 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.39% of Duolingo worth $55,473,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quarry LP raised its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after acquiring an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo in the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd raised its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares in the last quarter. 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 valued at $51,000 after purchasing an additional 46 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Needham & Company LLC lifted their price objective on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Evercore ISI upped their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and a consensus target price of $426.29.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This trade represents a 5.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $21,474. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,868 shares of company stock valued at $38,594,200. Insiders own 15.67% of the company's stock.

Duolingo Stock Performance

DUOL traded up $9.22 during trading on Wednesday, hitting $540.68. 841,226 shares of the company traded hands, compared to its average volume of 719,425. The stock's fifty day moving average is $357.55 and its 200 day moving average is $348.94. 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, Inc. has a one year low of $145.05 and a one year high of $544.10. The firm has a market cap of $24.58 billion, a P/E ratio of 295.46 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.