Generali Investments Towarzystwo Funduszy Inwestycyjnych Makes New $58,000 Investment in Duolingo, Inc. (NASDAQ:DUOL)

Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 180 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Duolingo in the 3rd quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the 4th quarter worth $31,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo in the 3rd quarter worth $29,000. Global Retirement Partners LLC boosted its stake in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 113 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 79 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 305,639 shares of company stock worth $105,445,057 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DUOL. UBS Group lifted their target price on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target for the company. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Trading Down 2.8 %

Shares of DUOL stock opened at $375.78 on Friday. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock’s 50 day simple moving average is $360.31 and its two-hundred day simple moving average is $309.24. The company has a market cap of $16.53 billion, a PE ratio of 205.35 and a beta of 0.89.

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.