Assetmark Inc. Acquires 206 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Assetmark Inc. boosted its position in Duolingo, Inc. (NASDAQ:DUOL) by 11.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,054 shares of the company’s stock after acquiring an additional 206 shares during the period. Assetmark Inc.’s holdings in Duolingo were worth $579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dragoneer Investment Group LLC purchased a new position in shares of Duolingo during the second quarter worth about $204,768,000. International Assets Investment Management LLC raised its holdings in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Whale Rock Capital Management LLC grew its stake in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the period. Bank of New York Mellon Corp grew its stake in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after purchasing an additional 238,990 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Duolingo by 73.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after purchasing an additional 154,659 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Down 4.7 %

Duolingo stock opened at $307.32 on Friday. 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, Inc. has a one year low of $145.05 and a one year high of $330.61. The stock has a market capitalization of $13.38 billion, a PE ratio of 167.93 and a beta of 0.79. The business’s fifty day moving average is $281.68 and its 200 day moving average is $224.96.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. During the same period last year, the firm posted $0.06 earnings per share. Duolingo’s revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts predict that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares of the company’s stock, valued at approximately $42,855,113.60. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the transaction, the insider now directly owns 157,053 shares in the company, valued at $37,695,861.06. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUOL has been the topic of several recent research reports. Barclays upped their price target on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.33.

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.