Concurrent Investment Advisors LLC Invests $454,000 in Duolingo, Inc. $DUOL

Key Points

• Concurrent Investment Advisors LLC has invested $454,000 in Duolingo, Inc. by acquiring 1,108 shares of the company in the second quarter.
• Several large institutional investors have significantly increased their stakes in Duolingo, with institutional ownership now at 91.59% of the company's stock.
• Duolingo's recent earnings report showed a 41.5% year-over-year increase in revenue, with earnings per share (EPS) of $0.91, exceeding analyst estimates.

Concurrent Investment Advisors LLC acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,108 shares of the company's stock, valued at approximately $454,000.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after purchasing an additional 520,069 shares in the last quarter. Invesco Ltd. raised its stake in Duolingo by 24.1% during the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after buying an additional 261,212 shares during the period. Nuveen LLC acquired a new stake in Duolingo during the 1st quarter worth $42,950,000. 1832 Asset Management L.P. lifted its holdings in Duolingo by 746.9% during the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company's stock worth $42,606,000 after acquiring an additional 121,000 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Duolingo by 123.8% in the first quarter. AQR Capital Management LLC now owns 201,692 shares of the company's stock valued at $61,478,000 after acquiring an additional 111,589 shares during the period. Institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 3,283 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares of the company's stock, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the transaction, the insider owned 72 shares in the company, valued at approximately $20,803.68. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,791 shares of company stock worth $26,918,301 over the last ninety days. 15.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on Duolingo in a research report on Monday, September 8th. They set an "underweight" rating and a $239.00 price target on the stock. Argus initiated coverage on shares of Duolingo in a report on Wednesday, June 25th. They set a "buy" rating and a $575.00 target price on the stock. JMP Securities cut their price target on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating on the stock in a research note on Monday, July 28th. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target for the company in a report on Monday, August 18th. Finally, DA Davidson lowered shares of Duolingo from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $500.00 to $300.00 in a report on Thursday, September 4th. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Duolingo presently has an average rating of "Hold" and a consensus price target of $416.68.

Duolingo Trading Down 2.0%

Shares of NASDAQ:DUOL opened at $324.02 on Friday. The company's 50-day moving average price is $313.72 and its two-hundred day moving average price is $380.86. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The stock has a market capitalization of $14.85 billion, a PE ratio of 133.34, a price-to-earnings-growth ratio of 2.13 and a beta of 0.86.

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

Duolingo Company 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.

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.