AlphaCentric Advisors LLC Reduces Holdings in Duolingo, Inc. (NASDAQ:DUOL)

AlphaCentric Advisors LLC cut its position in Duolingo, Inc. (NASDAQ:DUOL) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166 shares of the company’s stock after selling 29 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Duolingo were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. purchased a new position in Duolingo in the 3rd quarter valued at about $474,000. nVerses Capital LLC lifted its stake in shares of Duolingo by 33.3% in the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $113,000 after acquiring an additional 100 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Duolingo in the third quarter valued at about $265,000. Blue Trust Inc. grew its stake in Duolingo by 228.7% during the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $133,000 after purchasing an additional 327 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the sale, the insider now directly owns 72 shares in the company, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock valued at $98,478,298 in the last quarter. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

DUOL stock opened at $432.69 on Tuesday. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $436.98. The stock has a market capitalization of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89. 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 stock’s fifty day moving average is $351.02 and its two-hundred day moving average is $298.06.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUOL shares. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. Piper Sandler raised their price objective on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC upped their price objective on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Seven equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.