Alberta Investment Management Corp Has $3.51 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Alberta Investment Management Corp grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 17.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,832 shares of the company’s stock after buying an additional 1,600 shares during the period. Alberta Investment Management Corp’s holdings in Duolingo were worth $3,512,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the fourth quarter valued at $31,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the third quarter valued at about $29,000. Global Retirement Partners LLC raised its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 113 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Down 2.5 %

Shares of DUOL stock opened at $421.78 on Friday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a 50-day simple moving average of $356.02 and a two-hundred day simple moving average of $301.79. 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 company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 230.48 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC boosted their target price on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased 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. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, 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 report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Insider Activity

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 305,639 shares of company stock valued at $105,445,057 over the last three months. Corporate insiders own 18.30% of the company’s stock.

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.