Pinebridge Investments L.P. Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

Pinebridge Investments L.P. grew its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,174 shares of the company's stock after purchasing an additional 2,743 shares during the period. Pinebridge Investments L.P.'s holdings in Duolingo were worth $2,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUOL. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd boosted its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after acquiring an additional 101 shares during the period. Global Retirement Partners LLC increased its stake in 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. Smithfield Trust Co lifted its position 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 purchasing an additional 46 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Duolingo during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock worth $37,549,300 in the last 90 days. Corporate insiders own 18.30% of the company's stock.

Duolingo Stock Up 1.1 %

NASDAQ DUOL traded up $4.35 during trading on Wednesday, hitting $389.48. The company's stock had a trading volume of 966,797 shares, compared to its average volume of 720,648. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market cap of $17.62 billion, a PE ratio of 212.83 and a beta of 0.91. The business's 50 day simple moving average is $324.01 and its 200-day simple moving average is $333.99.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DUOL shares. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their target price on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Scotiabank dropped their price target on Duolingo from $425.00 to $405.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus price target of $376.15.

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.