Xponance Inc. Buys 242 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Xponance Inc. grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,822 shares of the company’s stock after buying an additional 242 shares during the period. Xponance Inc.’s holdings in Duolingo were worth $2,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUOL. Jones Financial Companies Lllp bought a new stake in shares of Duolingo during the fourth quarter valued at about $60,000. Victory Capital Management Inc. increased its position in shares of Duolingo by 10.6% during the fourth quarter. Victory Capital Management Inc. now owns 7,754 shares of the company’s stock valued at $2,514,000 after buying an additional 743 shares during the period. Atria Investments Inc increased its position in shares of Duolingo by 3.9% during the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after buying an additional 39 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Duolingo during the fourth quarter valued at about $3,890,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Duolingo during the fourth quarter valued at about $6,677,000. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 1.5%

Shares of NASDAQ DUOL opened at $376.42 on Tuesday. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The firm’s 50 day simple moving average is $472.57 and its two-hundred day simple moving average is $389.20. The stock has a market capitalization of $17.11 billion, a P/E ratio of 185.43, a PEG ratio of 2.85 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business had revenue of $230.74 million for the quarter, compared to analysts’ expectations of $223.15 million. The firm’s revenue was up 37.6% compared to the same quarter last year. As a group, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $314.36, for a total value of $3,143,600.00. Following the transaction, the insider owned 72 shares in the company, valued at approximately $22,633.92. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Meese sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the transaction, the insider owned 123,805 shares in the company, valued at $45,516,908.25. This represents a 7.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $27,646,500 in the last 90 days. Company insiders own 15.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DUOL shares. DA Davidson decreased their price target on Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th. Argus began coverage on shares of Duolingo in a research report on Wednesday, June 25th. They issued a “buy” rating and a $575.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Duolingo from $515.00 to $480.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 8th. Barclays upped their price objective on shares of Duolingo from $330.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $441.20.

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.