SBI Securities Co. Ltd. Invests $956,000 in Duolingo, Inc. (NASDAQ:DUOL)

SBI Securities Co. Ltd. acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,947 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors have also added to or reduced their stakes in DUOL. Mount Lucas Management LP increased its stake in shares of Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Duolingo by 3.1% during the 3rd 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 period. Fifth Third Bancorp lifted its position in shares of Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares in the last quarter. 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 worth $323,000 after acquiring an additional 57 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position 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 purchasing an additional 59 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent research reports. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Barclays boosted their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, UBS Group increased their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Insider Buying and Selling

In related news, CFO Matthew Skaruppa sold 4,464 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the transaction, the chief financial officer now directly owns 63,266 shares in the company, valued at $19,837,054.30. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. The trade was a 2.02 % 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 in the last 90 days. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

DUOL opened at $295.23 on Tuesday. 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 stock has a market capitalization of $12.99 billion, a P/E ratio of 161.33 and a beta of 0.89. The stock has a 50-day moving average price of $358.86 and a 200-day moving average price of $312.43. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $205.49 million. Equities analysts predict 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.