Invesco Ltd. Buys 378,225 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Invesco Ltd. increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 53.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,085,066 shares of the company’s stock after acquiring an additional 378,225 shares during the quarter. Invesco Ltd.’s holdings in Duolingo were worth $351,811,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in Duolingo in the fourth quarter worth approximately $1,994,000. Taika Capital LP acquired a new position in shares of Duolingo during the fourth quarter worth approximately $2,697,000. Lecap Asset Management Ltd. bought a new position in shares of Duolingo in the 4th quarter worth $429,000. Diversified Trust Co acquired a new stake in Duolingo in the 4th quarter valued at $784,000. Finally, Bleakley Financial Group LLC increased its stake in Duolingo by 6.1% during the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after purchasing an additional 57 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Up 15.0 %

NASDAQ DUOL opened at $337.40 on Thursday. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $341.50 and its 200-day moving average price is $328.01. The stock has a market cap of $15.26 billion, a P/E ratio of 184.37 and a beta of 0.91.

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

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $24,044.40. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,332 shares of company stock worth $33,442,107 in the last three months. 18.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DUOL. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. UBS Group set a $400.00 target price on Duolingo in a research report on Tuesday, March 18th. The Goldman Sachs Group increased their price target on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Bank of America downgraded shares of Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo 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.