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Allianz Asset Management GmbH Invests $2.54 Million in Duolingo, Inc. (NASDAQ:DUOL)

Duolingo logo with Business Services background

Key Points

  • Allianz Asset Management GmbH purchased 8,166 shares of Duolingo, valued at approximately $2.54 million, signaling growing institutional interest in the stock during the first quarter.
  • Duolingo reported better-than-expected earnings of $0.72 per share, with revenue of $230.74 million, reflecting a 37.6% year-over-year increase.
  • The stock has experienced significant volatility, with a one-year low of $145.05 and a high of $544.93, indicating potential investment opportunities.
  • MarketBeat previews the top five stocks to own by September 1st.

Allianz Asset Management GmbH acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,166 shares of the company's stock, valued at approximately $2,536,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DUOL. 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 worth $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Duolingo by 0.8% during 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 in the last quarter. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 378,225 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Duolingo by 1.6% during the 4th 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. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $360.33, for a total transaction of $3,603,300.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at $25,943.76. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 50,000 shares of company stock worth $22,454,700 in the last ninety days. 15.67% of the stock is owned by company insiders.

Duolingo Trading Down 2.2%

Shares of DUOL stock traded down $7.56 during mid-day trading on Friday, reaching $338.99. 1,016,029 shares of the stock traded hands, compared to its average volume of 899,971. The stock's fifty day simple moving average is $430.58 and its two-hundred day simple moving average is $391.09. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 166.99, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue 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 fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DUOL. Morgan Stanley reduced their target price on Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their target price on Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Needham & Company LLC increased 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. Scotiabank raised their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Finally, JMP Securities reduced their price objective on Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $450.87.

Read Our Latest Stock Analysis on DUOL

Duolingo Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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