BIT Capital GmbH Has $32.97 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

BIT Capital GmbH trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,693 shares of the company’s stock after selling 51,896 shares during the period. Duolingo makes up 2.6% of BIT Capital GmbH’s investment portfolio, making the stock its 16th largest holding. BIT Capital GmbH’s holdings in Duolingo were worth $32,972,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC boosted its position in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Finally, Smithfield Trust Co grew its stake in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total transaction of $2,568,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the sale, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,850 shares of company stock worth $34,389,695. 18.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DUOL shares. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.25.

Duolingo Stock Down 2.7 %

DUOL opened at $331.22 on Thursday. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The firm has a market capitalization of $14.99 billion, a P/E ratio of 181.00 and a beta of 0.92. The company’s 50-day moving average is $348.64 and its 200 day moving average is $322.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS 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 firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.