WINTON GROUP Ltd Increases Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

WINTON GROUP Ltd increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,263 shares of the company’s stock after purchasing an additional 208 shares during the period. WINTON GROUP Ltd’s holdings in Duolingo were worth $1,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kensington Investment Counsel LLC raised its holdings in shares of Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock worth $1,826,000 after acquiring an additional 30 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Duolingo by 3.9% during the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the period. Lisanti Capital Growth LLC boosted its position in 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 acquiring an additional 40 shares during the last quarter. Fifth Third Bancorp grew its stake in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the period. Finally, Smithfield Trust Co raised its holdings in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL opened at $315.00 on Friday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a 50 day moving average of $347.74 and a two-hundred day moving average of $323.06. The company has a market cap of $14.25 billion, a P/E ratio of 172.13 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly 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 business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 5,351 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the completion of the transaction, the insider now directly owns 133,805 shares of the company’s stock, valued at $42,820,276.10. This represents a 3.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 9,020 shares of the company’s stock in a transaction dated 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 approximately $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,850 shares of company stock valued at $34,389,695. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target for the company in a report on Tuesday, March 18th. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. UBS Group set a $400.00 target price on shares of Duolingo in a research report on Tuesday, March 18th. Finally, Barclays upped their price target on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.08.

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.