Jacobs Levy Equity Management Inc. Raises Position in Duolingo, Inc. (NASDAQ:DUOL)

Jacobs Levy Equity Management Inc. increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,301 shares of the company’s stock after purchasing an additional 27,048 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.29% of Duolingo worth $27,859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DUOL. Vanguard Group Inc. lifted its holdings in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after buying an additional 67,004 shares during the period. Whale Rock Capital Management LLC grew its position in Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after buying an additional 245,599 shares during the period. Norges Bank purchased a new position in Duolingo in the fourth quarter valued at about $84,042,000. Price T Rowe Associates Inc. MD lifted its position in shares of Duolingo by 73.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after acquiring an additional 154,659 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Duolingo by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,969 shares of the company’s stock worth $63,511,000 after acquiring an additional 7,863 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Down 1.0 %

Shares of DUOL stock traded down $1.73 during mid-day trading on Tuesday, hitting $168.19. 316,499 shares of the company’s stock were exchanged, compared to its average volume of 765,634. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 175.18 and a beta of 0.73. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30. The stock has a 50-day simple moving average of $191.42 and a two-hundred day simple moving average of $200.87.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.27. The firm had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. Equities analysts expect that Duolingo, Inc. will post 1.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DUOL shares. JMP Securities reaffirmed a “market outperform” rating and set a $260.00 price objective on shares of Duolingo in a report on Wednesday, July 10th. Needham & Company LLC increased their price objective on shares of Duolingo from $241.00 to $267.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Wolfe Research initiated coverage on shares of Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price target (down previously from $282.00) on shares of Duolingo in a report on Friday, May 10th. Finally, Bank of America raised shares of Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.20.

Insider Buying and Selling

In other news, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $223.46, for a total transaction of $1,787,680.00. Following the completion of the sale, the chief financial officer now directly owns 64,523 shares of the company’s stock, valued at approximately $14,418,309.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the completion of the sale, the insider now owns 147,282 shares of the company’s stock, valued at approximately $28,503,485.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.46, for a total transaction of $1,787,680.00. Following the transaction, the chief financial officer now directly owns 64,523 shares in the company, valued at $14,418,309.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,198 shares of company stock valued at $11,929,033. Insiders own 18.30% of the company’s stock.

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.