Tredje AP fonden Has $17.99 Million Position in Duolingo, Inc. $DUOL

Tredje AP fonden lifted its holdings in Duolingo, Inc. (NASDAQ:DUOLFree Report) by 2,584.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,908 shares of the company’s stock after acquiring an additional 53,825 shares during the period. Tredje AP fonden’s holdings in Duolingo were worth $17,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bryce Point Capital LLC bought a new stake in Duolingo in the second quarter worth approximately $946,000. Vanguard Group Inc. grew its position in shares of Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after buying an additional 116,135 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth approximately $14,377,000. Rhumbline Advisers increased its stake in shares of Duolingo by 17.2% in the 2nd quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock valued at $50,997,000 after acquiring an additional 18,210 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of Duolingo by 117.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after acquiring an additional 14,219 shares during the period. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CFO Matthew Skaruppa sold 3,986 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the sale, the chief financial officer directly owned 31,631 shares of the company’s stock, valued at approximately $3,590,751.12. This represents a 11.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total transaction of $110,060.00. Following the transaction, the insider directly owned 122,636 shares in the company, valued at $13,497,318.16. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,939 shares of company stock valued at $1,676,291. 15.67% of the stock is owned by company insiders.

Duolingo Trading Up 1.6%

NASDAQ:DUOL opened at $112.94 on Friday. Duolingo, Inc. has a one year low of $107.16 and a one year high of $544.93. The company has a market cap of $5.22 billion, a PE ratio of 14.31, a PEG ratio of 0.59 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50-day moving average of $152.08 and a 200-day moving average of $233.14.

Duolingo News Roundup

Here are the key news stories impacting Duolingo this week:

Analyst Upgrades and Downgrades

A number of research firms have commented on DUOL. Morgan Stanley reduced their price target on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Evercore set a $330.00 price objective on shares of Duolingo and gave the stock an “outperform” rating in a research report on Thursday, November 6th. DA Davidson reduced their target price on Duolingo from $205.00 to $170.00 and set a “neutral” rating for the company in a research note on Tuesday, January 27th. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, BMO Capital Markets raised Duolingo to a “buy” rating in a research note on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of “Hold” and an average target price of $292.37.

View Our Latest Research Report on DUOL

About Duolingo

(Free Report)

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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