8,318 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Taika Capital LP

Taika Capital LP bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, Holdings Channel.com reports. The fund bought 8,318 shares of the company’s stock, valued at approximately $2,697,000. Duolingo accounts for about 2.1% of Taika Capital LP’s holdings, making the stock its 18th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mount Lucas Management LP boosted its holdings in shares of Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock valued at $378,000 after buying an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after acquiring an additional 32 shares during the last quarter. Atria Investments Inc boosted its stake in Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after acquiring an additional 39 shares in the last quarter. Lisanti Capital Growth LLC increased its position in shares of Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Duolingo by 19.3% during the 4th 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 last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

NASDAQ:DUOL opened at $295.56 on Monday. The firm’s fifty day moving average is $354.84 and its two-hundred day moving average is $314.76. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 161.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the firm’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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the transaction, the insider now directly owns 130,733 shares of the company’s stock, valued at $37,989,702.47. The trade was a 6.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,159 shares of company stock valued at $107,512,184 in the last 90 days. 18.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DUOL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.00.

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.