BIT Capital GmbH Grows Stake in Duolingo, Inc. $DUOL

BIT Capital GmbH raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 434.1% during the third quarter, HoldingsChannel reports. The firm owned 134,367 shares of the company’s stock after buying an additional 109,211 shares during the quarter. Duolingo comprises 1.5% of BIT Capital GmbH’s holdings, making the stock its 24th largest position. BIT Capital GmbH’s holdings in Duolingo were worth $43,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUOL. Atlantic Union Bankshares Corp purchased a new stake in shares of Duolingo in the third quarter worth approximately $32,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Duolingo in the second quarter worth $40,000. Farther Finance Advisors LLC lifted its position in shares of 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. Cornerstone Planning Group LLC grew its holdings in shares of Duolingo by 8,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock worth $58,000 after purchasing an additional 178 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Duolingo by 46.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock worth $60,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of research analyst reports. Citigroup restated a “market perform” rating on shares of Duolingo in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. UBS Group set a $245.00 target price on Duolingo in a research report on Monday, January 5th. BMO Capital Markets raised Duolingo to a “buy” rating in a research report on Monday, January 12th. Finally, Evercore set a $330.00 price objective on Duolingo and gave the company an “outperform” rating in a report on Thursday, November 6th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $292.37.

Duolingo Trading Down 1.2%

Shares of NASDAQ:DUOL opened at $111.11 on Friday. Duolingo, Inc. has a 12-month low of $107.16 and a 12-month high of $544.93. The business’s fifty day simple moving average is $153.74 and its 200-day simple moving average is $234.80. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.14 billion, a PE ratio of 14.08, a P/E/G ratio of 0.60 and a beta of 0.86.

About Duolingo

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.