Deutsche Bank AG Has $35.47 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Deutsche Bank AG acquired an additional 15,261 shares of Duolingo during the first quarter, increasing its stake by 15.4%, bringing their total ownership to approximately $35.47 million.
• Duolingo's stock price has been volatile, reaching a 52-week high of $544.93 and a low of $185.10, with a current trading price around $322.93.
• Analysts have mixed ratings on Duolingo, with upgrades from Goldman Sachs and JPMorgan but a decrease in target prices from DA Davidson, indicating varied expectations for the stock's future performance.

Deutsche Bank AG lifted its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,221 shares of the company's stock after buying an additional 15,261 shares during the period. Deutsche Bank AG owned approximately 0.25% of Duolingo worth $35,470,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock valued at $434,398,000 after acquiring an additional 10,638 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position 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 worth $152,659,000 after purchasing an additional 398,259 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Duolingo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock worth $133,987,000 after purchasing an additional 1,506 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Duolingo by 36.6% in the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after purchasing an additional 104,114 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Duolingo by 18.6% in the 4th quarter. Northern Trust Corp now owns 296,457 shares of the company's stock worth $96,120,000 after acquiring an additional 46,442 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 0.9%

Shares of Duolingo stock traded down $2.95 during trading on Friday, hitting $326.93. 1,063,926 shares of the stock were exchanged, compared to its average volume of 1,887,337. The stock has a market cap of $14.98 billion, a price-to-earnings ratio of 134.54, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. The firm's 50-day moving average price is $391.96 and its 200 day moving average price is $391.96. 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 current ratio of 2.81 and a quick ratio of 2.81.

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

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the completion of the transaction, the insider owned 72 shares of the company's stock, valued at approximately $24,797.52. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 50,000 shares of company stock worth $20,939,300 over the last quarter. Corporate insiders own 15.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DUOL. Citizens Jmp lowered their price target on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday, July 28th. Evercore ISI upped their price objective on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. UBS Group restated an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley raised their price target on Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average target price of $454.20.

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.