Atria Investments Inc Has $334,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Atria Investments Inc grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,029 shares of the company’s stock after purchasing an additional 39 shares during the period. Atria Investments Inc’s holdings in Duolingo were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC grew its position in Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares during the last quarter. State Street Corp boosted its stake in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after purchasing an additional 16,481 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Duolingo by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after purchasing an additional 4,171 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the transaction, the insider now owns 72 shares in the company, valued at $24,251.04. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares in the company, valued at approximately $21,977,030.40. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,499 shares of company stock worth $29,162,568 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Up 3.8 %

Duolingo stock opened at $294.18 on Tuesday. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 160.75 and a beta of 0.92. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a 50 day moving average price of $349.18 and a two-hundred day moving average price of $317.89.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DUOL shares. 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. The Goldman Sachs Group boosted their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Piper Sandler boosted their price target on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average price target of $375.00.

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.