3,069 Shares in Duolingo, Inc. (NASDAQ:DUOL) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,069 shares of the company’s stock, valued at approximately $995,000.

A number of other large investors also recently bought and sold shares of the business. New York Life Investment Management LLC bought a new position in Duolingo in the fourth quarter worth approximately $1,278,000. Amalgamated Bank grew its holdings in Duolingo by 0.9% in the fourth quarter. Amalgamated Bank now owns 18,516 shares of the company’s stock worth $6,003,000 after purchasing an additional 172 shares during the last quarter. IFP Advisors Inc grew its holdings in Duolingo by 125.2% in the fourth quarter. IFP Advisors Inc now owns 259 shares of the company’s stock worth $84,000 after purchasing an additional 144 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Duolingo in the fourth quarter worth $1,618,000. Finally, Olympiad Research LP purchased a new position in Duolingo in the fourth quarter worth $267,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DUOL. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group lifted their price target on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $375.00.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 4,464 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now owns 63,266 shares in the company, valued at approximately $19,837,054.30. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is owned by insiders.

Duolingo Price Performance

NASDAQ:DUOL opened at $294.15 on Wednesday. Duolingo, Inc. has a one year low of $145.05 and a one year 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. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 160.74 and a beta of 0.89. The firm’s fifty day moving average is $357.93 and its two-hundred day moving average is $313.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly 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). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

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.