New York Life Investment Management LLC Invests $1.28 Million in Duolingo, Inc. (NASDAQ:DUOL)

New York Life Investment Management LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,943 shares of the company's stock, valued at approximately $1,278,000.

Several other hedge funds have also recently modified their holdings of DUOL. Mount Lucas Management LP lifted its stake in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company's stock worth $378,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock valued at $299,000 after acquiring an additional 32 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after purchasing an additional 42 shares during the period. Bleakley Financial Group LLC increased its position in Duolingo by 6.1% during the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock worth $323,000 after purchasing an additional 57 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in Duolingo by 2.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company's stock worth $744,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

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Duolingo Stock Up 8.4 %

Shares of DUOL stock traded up $22.79 during trading hours on Friday, reaching $295.56. 1,585,728 shares of the stock were exchanged, compared to its average volume of 827,612. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The business's fifty day moving average is $355.60 and its two-hundred day moving average is $312.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market capitalization of $13.00 billion, a P/E ratio of 161.51 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity

In related news, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company's stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,159 shares of company stock worth $107,512,184. 18.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DUOL has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Seaport Res Ptn cut Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $375.00.

About Duolingo

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.