Ethic Inc. Acquires New Stake in Duolingo, Inc. (NASDAQ:DUOL)

Ethic Inc. acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,684 shares of the company's stock, valued at approximately $546,000.

Several other large investors have also recently bought and sold shares of DUOL. Kensington Investment Counsel LLC grew its holdings in shares of Duolingo by 0.5% in the 4th quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after acquiring an additional 30 shares during the period. Lido Advisors LLC grew its holdings in Duolingo by 0.3% in the fourth 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 last quarter. Atria Investments Inc increased its position in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after buying an additional 39 shares in the last quarter. Lisanti Capital Growth LLC raised its stake in shares of Duolingo by 0.3% during the 4th 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 during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock worth $84,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. DA Davidson raised their target price on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Barclays boosted their target price on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their price target on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group upped their price objective on Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target for the company. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $426.29.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the transaction, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,853 shares of company stock valued at $31,627,441. Insiders own 15.67% of the company's stock.

Duolingo Stock Performance

DUOL traded down $4.41 during trading hours on Wednesday, hitting $521.32. 279,967 shares of the stock were exchanged, compared to its average volume of 716,285. 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 stock has a 50-day simple moving average of $377.35 and a 200-day simple moving average of $355.76. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 284.63 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.