WIM INVESTMENT MANAGEMENT Ltd Takes $3.32 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

WIM INVESTMENT MANAGEMENT Ltd bought a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,760 shares of the company’s stock, valued at approximately $3,317,000. Duolingo comprises 1.4% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in DUOL. Larson Financial Group LLC bought a new stake in shares of Duolingo in the second quarter valued at approximately $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the second quarter valued at approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Duolingo in the second quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 4.7 %

Shares of DUOL opened at $307.32 on Friday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $330.61. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 167.94 and a beta of 0.79. 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 stock has a fifty day moving average of $281.68 and a 200-day moving average of $224.95.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same period in the prior year, the company earned $0.06 EPS. Duolingo’s revenue was up 39.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares in the company, valued at $29,001,597.60. This represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The trade was a 35.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock worth $15,802,382 over the last three months. Company insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DUOL shares. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barclays upped their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Bank of America upped their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group upped their target price on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $331.33.

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.