Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,166 shares of the company's stock after buying an additional 2,416 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Duolingo were worth $4,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its stake in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after acquiring an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Duolingo by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after purchasing an additional 10,638 shares during the period. Invesco Ltd. grew its holdings in Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock worth $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Trading Up 1.9 %

NASDAQ:DUOL traded up $9.40 during midday trading on Friday, hitting $512.97. The stock had a trading volume of 603,987 shares, compared to its average volume of 739,312. Duolingo, Inc. has a one year low of $145.05 and a one year high of $513.50. The stock has a 50-day moving average of $338.60 and a 200 day moving average of $342.26. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at $35,708.40. This represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock worth $38,594,200 in the last three months. Company insiders own 18.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DUOL. Needham & Company LLC boosted their price objective on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 target price for the company. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. Morgan Stanley boosted their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a report on Monday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Company 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.