35,961 Shares in Duolingo, Inc. $DUOL Bought by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,961 shares of the company’s stock, valued at approximately $11,574,000. Duolingo comprises about 1.7% of TB Alternative Assets Ltd.’s holdings, making the stock its 18th biggest holding. TB Alternative Assets Ltd. owned approximately 0.08% of Duolingo as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Duolingo by 144.8% during the 3rd quarter. Blue Trust Inc. now owns 350 shares of the company’s stock worth $113,000 after acquiring an additional 207 shares during the last quarter. CWM LLC lifted its position in shares of Duolingo by 121.4% during the third quarter. CWM LLC now owns 23,285 shares of the company’s stock valued at $7,494,000 after purchasing an additional 12,768 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Duolingo by 82.2% during the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock worth $43,000 after purchasing an additional 60 shares during the last quarter. Parcion Private Wealth LLC bought a new stake in Duolingo in the 3rd quarter worth about $212,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Duolingo in the 3rd quarter valued at about $395,000. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DUOL. The Goldman Sachs Group cut their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. KeyCorp lowered Duolingo from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 6th. Citizens Jmp cut Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Robert W. Baird began coverage on Duolingo in a research report on Friday, September 5th. They set a “neutral” rating and a $280.00 target price for the company. Finally, Baird R W upgraded Duolingo to a “hold” rating in a research note on Friday, September 5th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Duolingo presently has an average rating of “Hold” and an average price target of $329.44.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider owned 116,171 shares in the company, valued at $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the sale, the insider owned 72 shares in the company, valued at $18,945.36. The trade was a 99.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 66,452 shares of company stock worth $15,846,732 over the last quarter. 15.67% of the stock is currently owned by company insiders.

Duolingo Stock Performance

NASDAQ:DUOL opened at $181.66 on Friday. The company has a market capitalization of $8.40 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.14 and a beta of 0.86. The business has a fifty day simple moving average of $213.39 and a two-hundred day simple moving average of $302.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. Duolingo, Inc. has a 1 year low of $166.27 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $5.23. The firm had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo 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.