Capital World Investors Grows Stake in Duolingo, Inc. $DUOL

Capital World Investors boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,241,378 shares of the company’s stock after purchasing an additional 11,140 shares during the quarter. Capital World Investors’ holdings in Duolingo were worth $393,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DUOL. Atlantic Union Bankshares Corp purchased a new position in Duolingo during the 3rd quarter worth $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duolingo during the 3rd quarter worth $47,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in Duolingo by 59.1% during the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock worth $61,000 after purchasing an additional 130 shares during the period. Huntington National Bank increased its holdings in Duolingo by 103.0% during the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $66,000 after purchasing an additional 104 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Duolingo during the 3rd quarter worth $70,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Trading Up 8.2%

Shares of NASDAQ:DUOL opened at $117.96 on Tuesday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $509.48. The business’s fifty day simple moving average is $104.05 and its 200-day simple moving average is $131.16. The company has a market capitalization of $5.50 billion, a PE ratio of 13.57, a P/E/G ratio of 0.69 and a beta of 0.89. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. During the same period last year, the business posted $0.72 EPS. The business’s revenue was up 26.5% compared to the same quarter last year. As a group, equities research analysts predict that Duolingo, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DUOL has been the topic of several research reports. The Goldman Sachs Group reduced their price objective on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Evercore set a $97.00 price target on Duolingo in a report on Tuesday, May 5th. Bank of America reiterated a “neutral” rating and issued a $100.00 price target on shares of Duolingo in a report on Friday, February 27th. Citigroup reiterated a “neutral” rating and issued a $101.00 price target (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. Finally, DA Davidson lifted their price target on Duolingo from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $195.94.

Insider Activity

In other news, insider Robert Meese sold 1,420 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. The trade was a 1.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is currently owned by company insiders.

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.