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

WIM INVESTMENT MANAGEMENT Ltd bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the third 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 makes up about 1.4% of WIM INVESTMENT MANAGEMENT Ltd's holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also modified their holdings of DUOL. Larson Financial Group LLC acquired a new position in Duolingo in the 2nd quarter valued at about $31,000. Blue Trust Inc. purchased a new position in Duolingo in the second quarter worth approximately $32,000. GAMMA Investing LLC increased its stake in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the second quarter valued at $36,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Down 4.7 %

DUOL traded down $15.25 on Friday, hitting $307.32. 570,863 shares of the company were exchanged, compared to its average volume of 547,566. The firm has a 50-day moving average price of $281.68 and a two-hundred day moving average price of $224.96. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $330.61. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 167.94 and a beta of 0.79.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business's revenue for the quarter was up 39.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, equities analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 139,760 shares of the company's stock, valued at $29,001,597.60. This represents a 1.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 19,464 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares of the company's stock, valued at $7,522,294.90. This represents a 35.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,374 shares of company stock worth $15,802,382. 18.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler upped their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Evercore ISI raised Duolingo to a "strong-buy" rating in a research report on Monday, August 5th. Needham & Company LLC raised their price target on Duolingo from $310.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price objective on Duolingo from $355.00 to $408.00 and gave the company a "buy" rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $331.33.

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.