Headlands Technologies LLC Purchases 76 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Headlands Technologies LLC grew its position in Duolingo, Inc. (NASDAQ:DUOL) by 32.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311 shares of the company’s stock after buying an additional 76 shares during the quarter. Headlands Technologies LLC’s holdings in Duolingo were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the 4th quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its holdings in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC raised its stake in 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 buying an additional 113 shares in the last quarter. Smithfield Trust Co lifted its holdings in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after buying an additional 46 shares during the period. Finally, R Squared Ltd bought a new stake in Duolingo during the 4th quarter valued at $55,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20. Following the transaction, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. This represents a 6.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,332 shares of company stock worth $30,517,807. 18.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. DA Davidson lifted their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Piper Sandler increased their target price on shares of Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $377.08.

Duolingo Stock Down 6.7 %

DUOL stock opened at $292.88 on Monday. The company has a market capitalization of $13.25 billion, a P/E ratio of 160.04 and a beta of 0.91. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The firm’s fifty day simple moving average is $345.60 and its 200-day simple moving average is $327.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results 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 company 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%. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.