Ieq Capital LLC Increases Stock Position in Duolingo, Inc. $DUOL

Ieq Capital LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 69.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,664 shares of the company’s stock after acquiring an additional 7,664 shares during the quarter. Ieq Capital LLC’s holdings in Duolingo were worth $5,796,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DUOL. T. Rowe Price Investment Management Inc. boosted its stake in shares of Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock worth $418,073,000 after acquiring an additional 261,212 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Duolingo by 41,959.1% during the 1st quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after acquiring an additional 239,167 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Duolingo during the 1st quarter worth approximately $42,950,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of Duolingo by 746.9% during the 1st quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock worth $42,606,000 after acquiring an additional 121,000 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Scotiabank boosted their price target on Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. JMP Securities cut their price objective on Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a research report on Monday, July 28th. KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective for the company in a research report on Monday, August 18th. UBS Group restated an “overweight” rating on shares of Duolingo in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $451.35.

Duolingo Trading Up 1.5%

Shares of DUOL opened at $322.78 on Friday. The stock has a fifty day moving average of $365.52 and a two-hundred day moving average of $388.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market capitalization of $14.79 billion, a PE ratio of 132.83, a price-to-earnings-growth ratio of 2.12 and a beta of 0.87. Duolingo, Inc. has a fifty-two week low of $202.44 and a fifty-two week high of $544.93.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.Duolingo’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,533 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares in the company, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider owned 72 shares of the company’s stock, valued at $24,797.52. This trade represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,508 shares of company stock valued at $30,993,721. Insiders own 15.67% of the company’s stock.

Duolingo Company Profile

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.