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

Duolingo logo with Business Services background

Citigroup Inc. grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 759.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,742 shares of the company's stock after purchasing an additional 75,766 shares during the quarter. Citigroup Inc. owned approximately 0.19% of Duolingo worth $26,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUOL. Price T Rowe Associates Inc. MD grew its position 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 valued at $434,398,000 after purchasing an additional 10,638 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock valued at $152,659,000 after buying an additional 398,259 shares during the period. Bank of New York Mellon Corp lifted its position in Duolingo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock valued at $133,987,000 after acquiring an additional 1,506 shares in the last quarter. Marshall Wace LLP lifted its position in Duolingo by 36.6% during the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after buying an additional 104,114 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Duolingo by 18.6% during the 4th quarter. Northern Trust Corp now owns 296,457 shares of the company's stock worth $96,120,000 after buying an additional 46,442 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Down 0.9%

NASDAQ:DUOL traded down $2.95 during midday trading on Friday, reaching $326.93. 1,063,926 shares of the stock traded hands, compared to its average volume of 1,016,260. The company has a fifty day moving average of $395.68 and a 200 day moving average of $391.90. Duolingo, Inc. has a 12 month low of $198.33 and a 12 month high of $544.93. 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 stock has a market capitalization of $14.86 billion, a P/E ratio of 134.54, a PEG ratio of 2.19 and a beta of 0.87.

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

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 50,000 shares of company stock worth $20,939,300. Corporate insiders own 15.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DUOL shares. Scotiabank boosted their price objective on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Argus assumed coverage on shares of Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price on the stock. Citizens Jmp dropped their price target on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a research note on Monday, July 28th. Piper Sandler set a $375.00 target price on shares of Duolingo in a research note on Friday, May 2nd. Finally, Wall Street Zen raised shares of Duolingo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $454.20.

View Our Latest Research Report on Duolingo

Duolingo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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