Captrust Financial Advisors Boosts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Captrust Financial Advisors increased its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,354 shares of the company's stock after purchasing an additional 2,483 shares during the quarter. Captrust Financial Advisors' holdings in Duolingo were worth $4,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Duolingo by 39.9% during the fourth 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 last quarter. Norges Bank purchased a new position in Duolingo during the fourth quarter valued at $152,296,000. T. Rowe Price Investment Management Inc. boosted its holdings in Duolingo by 548.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after acquiring an additional 398,259 shares in the last quarter. Invesco Ltd. grew its stake in shares of Duolingo by 53.5% in the fourth 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 last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Duolingo by 36.6% during the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock valued at $126,042,000 after acquiring an additional 104,114 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Up 1.9 %

Shares of Duolingo stock opened at $512.97 on Friday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $513.87. The company's fifty day simple moving average is $342.98 and its 200-day simple moving average is $343.86. 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 stock has a market capitalization of $23.21 billion, a PE ratio of 280.31 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly 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. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The company's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 109,868 shares of company stock valued at $38,594,200. 18.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley increased their price objective 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. Barclays raised their price target on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. UBS Group upped their price objective on Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Needham & Company LLC lifted their target price on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Scotiabank upped their price target on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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