3,377 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,377 shares of the company’s stock, valued at approximately $1,095,000.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Duolingo in the third quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo in the 4th quarter worth approximately $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its holdings in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Finally, R Squared Ltd bought a new position in Duolingo in the fourth quarter worth approximately $55,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. 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 target price for the company. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.55.

Insider Activity

In other news, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This trade represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 302,355 shares of company stock valued at $104,015,597. Company insiders own 18.30% of the company’s stock.

Duolingo Price Performance

NASDAQ DUOL opened at $432.52 on Thursday. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 236.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s fifty day moving average price is $354.37 and its 200 day moving average price is $300.95. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

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.