Legacy Investment Solutions LLC Has $1.46 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Legacy Investment Solutions LLC lowered its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,500 shares of the company's stock after selling 1,525 shares during the quarter. Duolingo accounts for approximately 0.9% of Legacy Investment Solutions LLC's investment portfolio, making the stock its 23rd biggest holding. Legacy Investment Solutions LLC's holdings in Duolingo were worth $1,459,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Smithfield Trust Co raised its holdings in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Duolingo during the 4th quarter worth $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price target on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays lifted their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a 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 target price for the company in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold a total of 86,868 shares of company stock valued at $29,474,420 over the last 90 days. 18.30% of the stock is owned by company insiders.

Duolingo Price Performance

Shares of DUOL traded up $1.23 during trading hours on Wednesday, reaching $326.40. 569,740 shares of the stock traded hands, compared to its average volume of 744,193. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $14.77 billion, a P/E ratio of 178.36 and a beta of 0.91. The company's 50-day moving average price is $335.47 and its two-hundred day moving average price is $329.28. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, analysts anticipate 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.