Duolingo, Inc. $DUOL Shares Acquired by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Duolingo, Inc. by 167.1%, owning a total of 65,114 shares worth approximately $20.2 million after purchasing an additional 40,737 shares.
• Duolingo recently reported $0.91 earnings per share, exceeding consensus estimates by $0.36, with revenue increasing 41.5% year-over-year to $252.27 million.
• The stock has attracted positive attention from analysts, with 13 rating it a Buy, and an average price target of $451.35.

Capital Fund Management S.A. lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 167.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,114 shares of the company's stock after buying an additional 40,737 shares during the quarter. Capital Fund Management S.A. owned about 0.14% of Duolingo worth $20,221,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DUOL. Raymond James Financial Inc. purchased a new stake in shares of Duolingo during the 4th quarter worth approximately $6,677,000. Mariner LLC lifted its position in shares of Duolingo by 7.2% during the 4th quarter. Mariner LLC now owns 5,471 shares of the company's stock worth $1,774,000 after buying an additional 369 shares during the last quarter. First Trust Advisors LP raised its position in Duolingo by 67.6% in the 4th quarter. First Trust Advisors LP now owns 177,152 shares of the company's stock valued at $57,438,000 after purchasing an additional 71,449 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Duolingo by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 101,609 shares of the company's stock valued at $32,946,000 after purchasing an additional 5,910 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Duolingo by 9.4% in the 4th quarter. MetLife Investment Management LLC now owns 22,989 shares of the company's stock valued at $7,454,000 after purchasing an additional 1,983 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

DUOL traded down $10.5360 during trading on Monday, hitting $321.3340. The stock had a trading volume of 1,058,033 shares, compared to its average volume of 1,044,574. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market capitalization of $14.72 billion, a P/E ratio of 132.73, a PEG ratio of 2.21 and a beta of 0.87. The company's 50-day moving average price is $378.13 and its 200 day moving average price is $390.98. Duolingo, Inc. has a twelve month low of $202.38 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. Duolingo's revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Matthew Skaruppa sold 2,797 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $920,296.91. Following the transaction, the chief financial officer directly owned 52,904 shares of the company's stock, valued at $17,407,003.12. This represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Meese sold 1,444 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the transaction, the insider directly owned 120,080 shares in the company, valued at approximately $39,509,922.40. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,056 shares of company stock worth $27,035,566 in the last ninety days. Insiders own 18.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup assumed coverage on shares of Duolingo in a research report on Monday, August 18th. They issued a "buy" rating and a $400.00 price target for the company. Needham & Company LLC upped their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. DA Davidson reduced their price target on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. The Goldman Sachs Group upped their price target on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Argus assumed coverage on shares of Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $451.35.

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.