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

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

A number of other large investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $1,994,000. Taika Capital LP purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $2,697,000. Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the 4th quarter valued at approximately $429,000. Bleakley Financial Group LLC lifted its stake in shares of Duolingo by 6.1% in 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 during the period. Finally, New York State Teachers Retirement System lifted its stake in shares of Duolingo by 8.2% in the 4th quarter. New York State Teachers Retirement System now owns 29,716 shares of the company's stock valued at $9,635,000 after purchasing an additional 2,251 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction 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 approximately $15,069,946.08. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction dated 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 sale, the insider now directly 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 15.67% of the company's stock.

Duolingo Stock Performance

Shares of DUOL traded down $1.47 during trading hours on Friday, hitting $529.05. The stock had a trading volume of 694,684 shares, compared to its average volume of 716,464. 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 12 month low of $145.05 and a 12 month high of $544.93. The firm has a market capitalization of $24.05 billion, a PE ratio of 289.10 and a beta of 0.88. The stock has a fifty day moving average price of $367.70 and a 200 day moving average price of $352.58.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate 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 was up 37.6% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley raised their target price on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Barclays lifted their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Evercore ISI lifted their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, DA Davidson lifted their price objective on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

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.