Abacus FCF Advisors LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Abacus FCF Advisors LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,792 shares of the company's stock, valued at approximately $4,904,000.

Several other hedge funds have also made changes to their positions in DUOL. FMR LLC increased its stake in shares of 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 purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. raised its stake in Duolingo by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after acquiring an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 acquiring an additional 10,638 shares during the period. Invesco Ltd. boosted its position 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 grew its stake in shares of 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 own 91.59% of the company's stock.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total value of $2,982,500.00. Following the sale, the insider now owns 72 shares in the company, valued at $21,474. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,833 shares of company stock worth $34,257,319. 15.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. DA Davidson boosted their price target on shares of Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Barclays raised their target price on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $441.29.

Duolingo Price Performance

NASDAQ DUOL traded down $12.24 during trading on Wednesday, reaching $473.78. The company's stock had a trading volume of 966,536 shares, compared to its average volume of 717,451. The stock has a market capitalization of $21.54 billion, a PE ratio of 258.90 and a beta of 1.00. 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 firm has a fifty day moving average of $437.55 and a 200 day moving average of $376.16. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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 firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's quarterly revenue was up 37.6% on a year-over-year basis. Analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal 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.