Altshuler Shaham Ltd Purchases 242,743 Shares of Duolingo, Inc. $DUOL

Altshuler Shaham Ltd grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 41,353.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,330 shares of the company’s stock after purchasing an additional 242,743 shares during the period. Altshuler Shaham Ltd’s holdings in Duolingo were worth $42,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. 9823 Capital L.P. bought a new stake in Duolingo during the fourth quarter worth about $253,000. Caisse de depot et placement du Quebec lifted its stake in Duolingo by 5.1% during the fourth quarter. Caisse de depot et placement du Quebec now owns 9,208 shares of the company’s stock worth $1,616,000 after purchasing an additional 445 shares during the last quarter. AQR Capital Management LLC lifted its stake in Duolingo by 4.6% during the fourth quarter. AQR Capital Management LLC now owns 774,710 shares of the company’s stock worth $135,962,000 after purchasing an additional 33,841 shares during the last quarter. Bienville Capital Management LLC bought a new stake in Duolingo during the fourth quarter worth about $9,916,000. Finally, EFG International AG bought a new stake in Duolingo during the fourth quarter worth about $26,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 3.7%

NASDAQ DUOL opened at $123.39 on Thursday. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $483.03. The stock has a 50-day moving average of $107.81 and a 200-day moving average of $128.52. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.75 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.84 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the sale, the insider directly owned 170,745 shares of the company’s stock, valued at $19,150,759.20. The trade was a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,506 shares of company stock valued at $1,073,864 in the last ninety days. 16.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America reaffirmed a “neutral” rating and set a $100.00 price target on shares of Duolingo in a research note on Friday, February 27th. UBS Group reaffirmed a “neutral” rating on shares of Duolingo in a research note on Wednesday. Barclays dropped their price target on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Truist Financial lowered Duolingo from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Friday, February 27th. Finally, The Goldman Sachs Group lowered their target price on Duolingo from $250.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $197.61.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.