Taika Capital LP Invests $2.70 Million in Duolingo, Inc. (NASDAQ:DUOL)

Taika Capital LP acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,318 shares of the company's stock, valued at approximately $2,697,000. Duolingo makes up approximately 2.1% of Taika Capital LP's portfolio, making the stock its 18th biggest position.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC increased its position in shares of Duolingo by 89.8% during the fourth quarter. AlphaQuest LLC now owns 710 shares of the company's stock worth $230,000 after acquiring an additional 336 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Duolingo by 7.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,518 shares of the company's stock worth $1,789,000 after buying an additional 400 shares in the last quarter. Lisanti Capital Growth LLC increased its stake in shares of Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock worth $3,789,000 after buying an additional 40 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in Duolingo by 74.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 4,919 shares of the company's stock valued at $1,595,000 after acquiring an additional 2,097 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in Duolingo during the 4th quarter valued at $389,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DUOL shares. Barclays upped their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. UBS Group upped their price target on Duolingo from $408.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Seven investment 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $375.00.

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Duolingo Price Performance

Shares of DUOL stock traded down $18.53 during midday trading on Thursday, reaching $272.49. 1,035,309 shares of the company were exchanged, compared to its average volume of 857,536. The company's 50 day moving average price is $352.23 and its two-hundred day moving average price is $315.51. The company has a market cap of $12.33 billion, a P/E ratio of 148.90 and a beta of 0.92. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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

Insider Activity

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company's stock, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,499 shares of company stock worth $29,162,568 over the last 90 days. 18.30% of the stock is currently owned by company insiders.

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.