Alps Advisors Inc. Increases Stake in Duolingo, Inc. (NASDAQ:DUOL)

Alps Advisors Inc. raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 31.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,629 shares of the company's stock after purchasing an additional 1,824 shares during the quarter. Alps Advisors Inc.'s holdings in Duolingo were worth $2,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew 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 worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after buying an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after buying an additional 10,638 shares in the last quarter. Invesco Ltd. lifted its holdings 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 buying an additional 378,225 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 buying an additional 10,698 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $392.89, for a total transaction of $3,928,900.00. Following the sale, the insider owned 72 shares of the company's stock, valued at $28,288.08. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock valued at $30,265,780 in the last 90 days. 15.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DUOL shares. Scotiabank upped their price target on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Argus started coverage on shares of Duolingo in a report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target on the stock. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group upped their price objective 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. Finally, UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $441.20.

Duolingo Stock Performance

Shares of Duolingo stock traded down $9.62 during midday trading on Friday, hitting $370.82. The company had a trading volume of 680,253 shares, compared to its average volume of 734,157. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 182.67, a PEG ratio of 2.85 and a beta of 0.89. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $474.93 and a 200 day simple moving average of $388.57. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results 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. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo 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.