Nisa Investment Advisors LLC Acquires 60 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Nisa Investment Advisors LLC increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180 shares of the company’s stock after acquiring an additional 60 shares during the period. Nisa Investment Advisors LLC’s holdings in Duolingo were worth $58,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUOL. FMR LLC raised its stake in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. International Assets Investment Management LLC increased 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. Spyglass Capital Management LLC purchased a new position in shares of Duolingo in the 3rd quarter worth about $38,512,000. Charles Schwab Investment Management Inc. boosted its stake in Duolingo by 42.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Finally, Bamco Inc. NY bought a new position in Duolingo in the 3rd quarter worth about $25,808,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 0.2 %

Shares of DUOL stock opened at $363.99 on Friday. The company has a 50 day simple moving average of $341.31 and a two-hundred day simple moving average of $279.02. The stock has a market cap of $16.01 billion, a P/E ratio of 198.90 and a beta of 0.87. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s revenue was up 39.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. On average, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

DUOL has been the subject of several recent analyst reports. Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.55.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,124 shares of company stock valued at $95,033,738. Company insiders own 18.30% of the company’s stock.

About Duolingo

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.