Bryce Point Capital LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Bryce Point Capital LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,505 shares of the company’s stock, valued at approximately $1,785,000. Duolingo accounts for approximately 0.5% of Bryce Point Capital LLC’s investment portfolio, making the stock its 25th largest position.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC increased its position in Duolingo by 32.3% in the 4th quarter. Headlands Technologies LLC now owns 311 shares of the company’s stock worth $101,000 after buying an additional 76 shares during the period. Geode Capital Management LLC increased its position in Duolingo by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock worth $221,676,000 after acquiring an additional 10,698 shares during the period. Franklin Resources Inc. increased its position in Duolingo by 17.1% during the fourth quarter. Franklin Resources Inc. now owns 239,249 shares of the company’s stock worth $77,572,000 after acquiring an additional 34,909 shares during the period. O Shaughnessy Asset Management LLC raised its stake in Duolingo by 75.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,248 shares of the company’s stock valued at $405,000 after purchasing an additional 536 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Duolingo by 20.8% in the 4th quarter. California Public Employees Retirement System now owns 57,124 shares of the company’s stock valued at $18,521,000 after purchasing an additional 9,823 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Up 5.4 %

Shares of NASDAQ DUOL opened at $327.38 on Wednesday. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. 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 business has a fifty day moving average of $346.73 and a two-hundred day moving average of $325.78. The stock has a market cap of $14.81 billion, a PE ratio of 178.90 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on DUOL. The Goldman Sachs Group upped their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. UBS Group set a $400.00 price target on Duolingo in a report on Tuesday, March 18th. DA Davidson lifted their price objective on Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, Barclays raised their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and an average price target of $377.08.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the transaction, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total value of $1,622,400.00. Following the sale, the chief financial officer now owns 67,730 shares in the company, valued at $21,977,030.40. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,850 shares of company stock valued at $34,389,695 in the last three months. 18.30% of the stock is owned by corporate insiders.

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.