Bleakley Financial Group LLC Grows Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Bleakley Financial Group LLC boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 995 shares of the company’s stock after purchasing an additional 57 shares during the quarter. Bleakley Financial Group LLC’s holdings in Duolingo were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in Duolingo in the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the 4th quarter valued at $31,000. First Horizon Advisors Inc. purchased a new stake in Duolingo in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC raised its position in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Duolingo during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at approximately $48,839,829.87. This represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 289,624 shares of company stock valued at $98,478,298. Insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. DA Davidson upped their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, UBS Group upped their price objective on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Seven equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $383.66 on Wednesday. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 209.65 and a beta of 0.89. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $411.69. The company’s 50-day moving average price is $346.48 and its 200 day moving average price is $290.88. 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 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.