Aubrey Capital Management Ltd Sells 1,700 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Aubrey Capital Management Ltd lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 13.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the company's stock after selling 1,700 shares during the period. Duolingo accounts for approximately 1.3% of Aubrey Capital Management Ltd's holdings, making the stock its 25th biggest position. Aubrey Capital Management Ltd's holdings in Duolingo were worth $3,261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in shares of Duolingo by 20.4% during the 1st quarter. Fifth Third Bancorp now owns 313 shares of the company's stock valued at $97,000 after buying an additional 53 shares in the last quarter. Abacus FCF Advisors LLC purchased a new stake in shares of Duolingo in the first quarter worth $4,904,000. GAMMA Investing LLC increased its holdings in shares of Duolingo by 35.4% during the first quarter. GAMMA Investing LLC now owns 772 shares of the company's stock valued at $240,000 after acquiring an additional 202 shares in the last quarter. Pallas Capital Advisors LLC raised its position in shares of Duolingo by 47.6% in the 1st quarter. Pallas Capital Advisors LLC now owns 2,660 shares of the company's stock worth $826,000 after purchasing an additional 858 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in Duolingo in the 1st quarter worth about $233,000. Institutional investors own 91.59% of the company's stock.

Insider Activity at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $21,474. This represents a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. 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 company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on Duolingo in a research report on Friday, May 2nd. DA Davidson increased their target price on Duolingo from $470.00 to $600.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Morgan Stanley increased their target price on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Scotiabank boosted their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $441.29.

Duolingo Stock Performance

DUOL traded down $3.00 during midday trading on Friday, reaching $478.48. The company had a trading volume of 550,515 shares, compared to its average volume of 717,321. The business has a 50-day moving average of $444.87 and a two-hundred day moving average of $377.75. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. 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 $21.75 billion, a P/E ratio of 261.47 and a beta of 1.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's revenue for the quarter was up 37.6% on a year-over-year basis. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share 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.