Hanseatic Management Services Inc. Makes New $683,000 Investment in Duolingo, Inc. (NASDAQ:DUOL)

Hanseatic Management Services Inc. acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,105 shares of the company's stock, valued at approximately $683,000.

A number of other large investors have also recently made changes to their positions in the stock. Mount Lucas Management LP lifted its position in Duolingo by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company's stock worth $378,000 after acquiring an additional 32 shares during the period. CIBC Asset Management Inc raised its stake in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock worth $299,000 after purchasing an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company's stock worth $409,000 after purchasing an additional 73 shares during the period. Farther Finance Advisors LLC boosted its position in 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 last quarter. Finally, True Wealth Design LLC acquired a new position in Duolingo in the 3rd quarter worth approximately $26,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DUOL. UBS Group raised their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Scotiabank initiated coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Barclays lifted their price target on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $353.90.

Duolingo Trading Up 2.7 %

Shares of NASDAQ DUOL traded up $9.33 during midday trading on Friday, reaching $351.13. 742,361 shares of the stock were exchanged, compared to its average volume of 425,176. The stock has a market capitalization of $15.45 billion, a P/E ratio of 191.88 and a beta of 0.87. 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 50 day simple moving average of $337.06 and a 200 day simple moving average of $268.90. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $378.48.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.06 earnings per share. The firm's quarterly revenue was up 39.9% compared to the same quarter last year. As a group, equities analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 188,901 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,124 shares of company stock worth $91,694,238. Company 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.