Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,243 shares of the company’s stock after buying an additional 734 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Duolingo were worth $2,024,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after purchasing an additional 564,173 shares during the period. State Street Corp lifted its position in Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Geode Capital Management LLC lifted its position in Duolingo by 2.5% during the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after purchasing an additional 16,481 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock valued at $112,330,000 after purchasing an additional 4,171 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after purchasing an additional 76,875 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In related 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 transaction of $898,087.68. Following the completion of the sale, the general counsel now 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 is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,251.04. This represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,499 shares of company stock valued at $29,162,568. Corporate insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of 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 objective on shares of Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, DA Davidson upped their price objective on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Seven 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $375.00.

Duolingo Stock Up 4.1 %

DUOL opened at $283.54 on Monday. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $350.03 and a 200 day moving average price of $317.28. The company has a market cap of $12.83 billion, a PE ratio of 154.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal 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.