19,282 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,282 shares of the company's stock, valued at approximately $4,374,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DUOL. Arkadios Wealth Advisors lifted its stake in shares of Duolingo by 40.8% in the 4th quarter. Arkadios Wealth Advisors now owns 2,652 shares of the company's stock valued at $602,000 after purchasing an additional 769 shares during the period. Kercheville Advisors LLC bought a new position in shares of Duolingo during the 4th quarter worth approximately $227,000. FSC Wealth Advisors LLC acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $39,000. Raymond James & Associates bought a new stake in shares of Duolingo in the 4th quarter valued at $4,211,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Duolingo during the 4th quarter valued at $1,411,000. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DUOL shares. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a research report on Thursday, February 29th. Needham & Company LLC lifted their target price on Duolingo from $241.00 to $267.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group raised their price objective on Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Duolingo in a research note on Monday, March 11th. They issued an "overweight" rating and a $270.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Duolingo currently has an average rating of "Hold" and a consensus price target of $246.75.

Insider Buying and Selling at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,000 shares of the business's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the completion of the sale, the general counsel now directly owns 35,033 shares in the company, valued at approximately $6,656,270. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Amy Bohutinsky sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $202.14, for a total value of $3,032,100.00. Following the sale, the director now directly owns 4,253 shares in the company, valued at approximately $859,701.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 2,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the completion of the transaction, the general counsel now directly owns 35,033 shares of the company's stock, valued at approximately $6,656,270. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,223 shares of company stock worth $27,273,230. Insiders own 19.85% of the company's stock.

Duolingo Stock Down 18.0 %

Shares of DUOL stock traded down $44.06 during mid-day trading on Thursday, reaching $200.58. 3,524,814 shares of the company's stock traded hands, compared to its average volume of 762,745. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $221.21 and its 200-day moving average price is $207.17. The company has a market cap of $8.60 billion, a P/E ratio of 587.02 and a beta of 0.82. Duolingo, Inc. has a 12 month low of $121.89 and a 12 month high of $251.30.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.27. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $167.70 million during the quarter, compared to analyst estimates of $165.60 million. During the same quarter last year, the company earned ($0.06) EPS. The firm's revenue for the quarter was up 44.9% on a year-over-year basis. On average, equities analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

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.