Victory Capital Management Inc. Has $2.51 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Victory Capital Management Inc. raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,754 shares of the company’s stock after buying an additional 743 shares during the period. Victory Capital Management Inc.’s holdings in Duolingo were worth $2,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Duolingo in the third quarter valued at about $26,000. First Horizon Advisors Inc. acquired a new position in Duolingo in the third quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the fourth quarter worth about $31,000. Global Retirement Partners LLC raised its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Duolingo in the fourth quarter worth about $55,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares of the company’s stock, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,499 shares of company stock valued at $29,162,568. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Up 4.1 %

Shares of Duolingo stock opened at $283.54 on Monday. 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, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The business has a fifty day simple moving average of $350.03 and a 200 day simple moving average of $317.28. The stock has a market cap of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS 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 company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. UBS Group boosted their target price on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Needham & Company LLC boosted their target price on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and an average price target of $375.00.

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.