BNP Paribas Financial Markets Invests $9.71 Million in Duolingo, Inc. (NASDAQ:DUOL)

BNP Paribas Financial Markets purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 29,942 shares of the company's stock, valued at approximately $9,708,000. BNP Paribas Financial Markets owned approximately 0.07% of Duolingo at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Quarry LP lifted its holdings in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the fourth quarter worth about $31,000. Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Global Retirement Partners LLC increased its position in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Finally, Smithfield Trust Co increased its position in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DUOL. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research report on Tuesday, March 18th. Piper Sandler set a $375.00 price target on shares of Duolingo in a research report on Friday, May 2nd. Morgan Stanley lifted their price target on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Scotiabank lifted their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Stock Up 1.7%

Shares of DUOL stock traded up $9.22 during trading on Wednesday, reaching $540.68. The company's stock had a trading volume of 841,226 shares, compared to its average volume of 719,425. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 295.46 and a beta of 0.88. The stock's 50-day moving average price is $352.65 and its 200 day moving average price is $347.61. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced 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. The firm had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company's revenue for the quarter was up 37.6% compared to the same quarter last year. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the completion of the transaction, the insider now owns 72 shares of the company's stock, valued at $35,708.40. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,868 shares of company stock worth $38,594,200 over the last 90 days. 15.67% of the stock is owned by insiders.

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.