Impax Asset Management Group plc Has $2 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Impax Asset Management Group plc reduced its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,163 shares of the company’s stock after selling 3,130 shares during the period. Impax Asset Management Group plc’s holdings in Duolingo were worth $1,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. CIBC Asset Management Inc raised its stake in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the last quarter. Mount Lucas Management LP grew its holdings in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after purchasing an additional 32 shares during the period. Fifth Third Bancorp grew its holdings in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after purchasing an additional 42 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after buying an additional 57 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Duolingo by 2.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock valued at $744,000 after buying an additional 59 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Finally, Piper Sandler raised their target price on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $355.55.

Insiders Place Their Bets

In related news, CFO Matthew Skaruppa sold 3,284 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the transaction, the chief financial officer now owns 59,982 shares in the company, valued at $26,108,964.96. The trade was a 5.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 305,639 shares of company stock valued at $105,445,057 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Duolingo Trading Down 1.0 %

Shares of Duolingo stock opened at $385.81 on Wednesday. The firm has a market capitalization of $16.97 billion, a PE ratio of 210.83 and a beta of 0.89. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $358.42 and its 200 day moving average is $308.22. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo 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.