Amalgamated Bank Grows Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Amalgamated Bank increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 1,801.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,150 shares of the company’s stock after purchasing an additional 18,143 shares during the period. Amalgamated Bank’s holdings in Duolingo were worth $3,996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. 9258 Wealth Management LLC raised its stake in Duolingo by 4.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after acquiring an additional 65 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in Duolingo during the 4th quarter worth approximately $211,000. Norges Bank bought a new stake in Duolingo during the 4th quarter worth approximately $84,042,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Duolingo during the 4th quarter worth approximately $73,000. Finally, UBS Group AG raised its stake in Duolingo by 76.4% during the 4th quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after acquiring an additional 15,404 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DUOL shares. Wolfe Research assumed coverage on shares of Duolingo in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. JMP Securities reiterated a “market outperform” rating and set a $260.00 price objective on shares of Duolingo in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and set a $250.00 price objective on shares of Duolingo in a research report on Tuesday, September 10th. Finally, Needham & Company LLC reduced their price objective on shares of Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $14,299.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now directly owns 144,282 shares of the company’s stock, valued at $23,341,941.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $14,299.92. The disclosure for this sale can be found here. Insiders sold 97,374 shares of company stock valued at $19,459,527 over the last three months. 18.30% of the stock is owned by company insiders.

Duolingo Stock Up 1.6 %

NASDAQ DUOL opened at $268.34 on Monday. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $198.82 and a two-hundred day moving average of $204.01. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 276.64 and a beta of 0.76. Duolingo, Inc. has a 52 week low of $140.16 and a 52 week high of $270.28.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Duolingo Company 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.