AssuredPartners Investment Advisors LLC Cuts Position in Duolingo, Inc. (NASDAQ:DUOL)

AssuredPartners Investment Advisors LLC decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 32.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,241 shares of the company's stock after selling 594 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Duolingo were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in 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 buying an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. boosted its stake in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after buying an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after buying an additional 10,638 shares during the last quarter. Invesco Ltd. boosted its stake in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Duolingo by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after buying an additional 10,698 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUOL has been the subject of several analyst reports. Piper Sandler set a $375.00 price objective on Duolingo in a research note on Friday, May 2nd. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a research note on Tuesday, March 18th. Argus initiated coverage on Duolingo in a research note on Wednesday. They issued a "buy" rating and a $575.00 price objective for the company. Barclays raised their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Evercore ISI raised their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $443.53.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $21,054.96. This trade represents a 99.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 3,482 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the transaction, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,482 shares of company stock worth $30,373,992 in the last ninety days. 15.67% of the stock is owned by company insiders.

Duolingo Trading Up 3.2%

Shares of NASDAQ DUOL traded up $12.60 during midday trading on Friday, hitting $411.26. The company's stock had a trading volume of 1,579,589 shares, compared to its average volume of 722,980. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $472.84 and its two-hundred day moving average is $384.96. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The firm has a market cap of $18.69 billion, a P/E ratio of 202.59, a price-to-earnings-growth ratio of 3.15 and a beta of 1.00.

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 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 the consensus estimate of $223.15 million. Duolingo's revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS 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.