Quantessence Capital LLC Acquires Shares of 2,053 Duolingo, Inc. (NASDAQ:DUOL)

Quantessence Capital LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,053 shares of the company's stock, valued at approximately $666,000.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. increased its holdings in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after purchasing an additional 70,705 shares during the last quarter. Invesco Ltd. lifted its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares during the period. Geode Capital Management LLC lifted its stake in Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after buying an additional 10,698 shares during the period. Finally, Norges Bank bought a new position in Duolingo during the fourth quarter worth about $152,296,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DUOL. Needham & Company LLC upped their price target on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. DA Davidson lifted their price objective on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Piper Sandler upped their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $376.15.

Duolingo Stock Up 1.8 %

DUOL traded up $6.81 on Friday, hitting $381.83. 1,133,396 shares of the company were exchanged, compared to its average volume of 716,327. The stock's fifty day moving average is $325.71 and its 200-day moving average is $332.68. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month 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 company has a market cap of $17.28 billion, a PE ratio of 208.65 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (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 company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Meese sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total value of $3,676,500.00. Following the sale, the insider now directly owns 123,805 shares of the company's stock, 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 a total of 104,868 shares of company stock valued at $35,574,300 in the last quarter. Company insiders own 18.30% of the company's stock.

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.