Y Intercept Hong Kong Ltd Makes New $1.62 Million Investment in Duolingo, Inc. (NASDAQ:DUOL)

Y Intercept Hong Kong Ltd purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,991 shares of the company’s stock, valued at approximately $1,618,000.

Several other large investors have also recently made changes to their positions in DUOL. FMR LLC raised its stake in shares of Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after acquiring an additional 564,173 shares in the last quarter. Spyglass Capital Management LLC purchased a new position in shares of Duolingo during the third quarter worth approximately $38,512,000. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Duolingo during the third quarter worth approximately $25,808,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after acquiring an additional 76,875 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In other news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock worth $105,445,057 over the last quarter. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on DUOL shares. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Scotiabank began coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. UBS Group lifted their target price on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Needham & Company LLC lifted their target price on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $355.55.

Duolingo Stock Performance

NASDAQ:DUOL opened at $385.81 on Wednesday. The stock has a market cap of $16.97 billion, a P/E ratio of 210.83 and a beta of 0.89. The firm’s fifty day simple moving average is $358.42 and its 200 day simple moving average is $308.22. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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.