Sumitomo Mitsui DS Asset Management Company Ltd Has $2.15 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Duolingo, Inc. (NASDAQ:DUOL) by 11.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,621 shares of the company’s stock after selling 876 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Duolingo were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Duolingo in the third quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo in the 4th quarter valued at about $31,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC raised its stake in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after buying an additional 79 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Duolingo in the fourth quarter valued at approximately $55,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $401.45 on Tuesday. The company has a market capitalization of $17.66 billion, a P/E ratio of 219.37 and a beta of 0.89. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $411.69. 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’s 50 day moving average price is $346.02 and its two-hundred day moving average price is $289.40.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $28,185.12. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock worth $98,478,298 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group lifted their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, Needham & Company LLC increased their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Seven 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 stock. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average price target of $355.55.

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.