Legacy Capital Group California Inc. Invests $1.08 Million in Duolingo, Inc. (NASDAQ:DUOL)

Legacy Capital Group California Inc. acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,322 shares of the company’s stock, valued at approximately $1,077,000.

A number of other large investors also recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in Duolingo during the third quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the 4th quarter valued at about $31,000. First Horizon Advisors Inc. purchased a new stake in Duolingo during the 3rd quarter valued at about $29,000. Global Retirement Partners LLC grew its position in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of analyst reports. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. UBS Group upped their price objective on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Trading Down 2.5 %

DUOL opened at $421.78 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The stock has a market cap of $18.55 billion, a PE ratio of 230.48 and a beta of 0.89. The business has a 50 day moving average of $356.02 and a 200-day moving average of $301.79.

Insider Activity

In related news, CFO Matthew Skaruppa sold 3,284 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the completion of the transaction, the chief financial officer now owns 59,982 shares of the company’s stock, valued at $26,108,964.96. This trade represents a 5.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total value of $553,995.00. Following the transaction, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,639 shares of company stock worth $105,445,057. Corporate insiders own 18.30% of the company’s stock.

Duolingo Company 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.