Sumitomo Mitsui DS Asset Management Company Ltd Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,443 shares of the company's stock, valued at approximately $1,235,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. RIA Advisory Group LLC acquired a new position in shares of Duolingo during the 4th quarter worth $1,243,000. Calamos Advisors LLC raised its stake in Duolingo by 346.5% in the 4th quarter. Calamos Advisors LLC now owns 7,559 shares of the company's stock valued at $1,715,000 after purchasing an additional 5,866 shares during the last quarter. Xponance Inc. raised its stake in Duolingo by 4.8% in the 4th quarter. Xponance Inc. now owns 1,774 shares of the company's stock valued at $402,000 after purchasing an additional 82 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Duolingo in the 4th quarter valued at about $3,087,000. Finally, Mackenzie Financial Corp raised its stake in Duolingo by 40.7% in the 4th quarter. Mackenzie Financial Corp now owns 2,543 shares of the company's stock valued at $577,000 after purchasing an additional 736 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DUOL shares. Needham & Company LLC boosted their target price on shares of Duolingo from $210.00 to $241.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Seaport Res Ptn reissued a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. Bank of America boosted their target price on shares of Duolingo from $230.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Barclays lifted their price target on Duolingo from $173.00 to $243.00 and gave the company an "equal weight" rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. initiated coverage on Duolingo in a report on Monday, March 11th. They issued an "overweight" rating and a $270.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $245.13.

Insider Buying and Selling

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $215.35, for a total transaction of $323,025.00. Following the completion of the sale, the insider now owns 124,505 shares of the company's stock, valued at approximately $26,812,151.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now owns 124,505 shares in the company, valued at approximately $26,812,151.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.42, for a total value of $2,184,200.00. Following the completion of the transaction, the insider now owns 72 shares of the company's stock, valued at approximately $15,726.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 113,223 shares of company stock valued at $23,682,665. 19.85% of the stock is currently owned by corporate insiders.

Duolingo Trading Up 3.6 %

DUOL traded up $7.82 on Friday, reaching $222.66. 639,732 shares of the company's stock were exchanged, compared to its average volume of 729,418. The company's 50 day moving average is $212.79 and its 200-day moving average is $203.00. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 654.90 and a beta of 0.83. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. The firm had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Equities analysts predict that Duolingo, Inc. will post 1.38 earnings per share 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.