Algert Global LLC Increases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Algert Global LLC increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,714 shares of the company's stock after buying an additional 4,471 shares during the period. Algert Global LLC owned about 0.08% of Duolingo worth $10,931,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DUOL. Kensington Investment Counsel LLC lifted its holdings in Duolingo by 0.5% during the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after purchasing an additional 30 shares in the last quarter. Lido Advisors LLC boosted its holdings in Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after purchasing an additional 30 shares during the period. Atria Investments Inc grew its position in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC raised its position in shares of Duolingo by 0.3% in the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock worth $3,789,000 after buying an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after buying an additional 42 shares during the period. Institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the sale, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock valued at $38,594,200 over the last 90 days. Company insiders own 18.30% of the company's stock.

Duolingo Stock Up 1.0 %

NASDAQ DUOL traded up $5.01 during trading hours on Wednesday, reaching $495.56. 1,054,128 shares of the company's stock traded hands, compared to its average volume of 741,031. The firm has a market cap of $22.42 billion, a PE ratio of 270.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $504.31. The firm has a 50-day simple moving average of $330.76 and a 200 day simple moving average of $339.70.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The business's revenue for the quarter was up 37.6% on a year-over-year basis. Sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler set a $375.00 target price on shares of Duolingo in a research report on Friday, May 2nd. Barclays raised their price target on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday. Morgan Stanley boosted their target price on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, UBS Group lifted their price target on shares of Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and a consensus price target of $426.29.

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.