Virtu Financial LLC Invests $4.28 Million in Duolingo, Inc. $DUOL

Virtu Financial LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,397 shares of the company’s stock, valued at approximately $4,282,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Duolingo by 3.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock worth $385,000 after purchasing an additional 32 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Duolingo by 5.0% during the second quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after purchasing an additional 39 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Duolingo by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock worth $3,778,000 after purchasing an additional 73 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Duolingo by 36.1% during the third quarter. Clearstead Advisors LLC now owns 317 shares of the company’s stock worth $102,000 after purchasing an additional 84 shares during the last quarter. Finally, Diversified Trust Co. increased its stake in shares of Duolingo by 4.5% in the fourth quarter. Diversified Trust Co. now owns 2,166 shares of the company’s stock valued at $380,000 after buying an additional 93 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. KeyCorp reissued a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. DA Davidson reaffirmed a “neutral” rating and set a $120.00 price target on shares of Duolingo in a research note on Wednesday. Finally, Barclays cut their price target on shares of Duolingo from $230.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $197.61.

Duolingo Price Performance

Shares of DUOL opened at $125.56 on Friday. Duolingo, Inc. has a 1 year low of $87.89 and a 1 year high of $483.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.96 and a beta of 0.89. The business has a 50-day moving average of $108.39 and a 200-day moving average of $128.05.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.76 earnings per share for the current year.

Insiders Place Their Bets

In other Duolingo news, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the completion of the transaction, the general counsel owned 52,807 shares in the company, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is currently owned by insiders.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.