Franchise Capital Ltd decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 43.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,146 shares of the company's stock after selling 4,017 shares during the period. Duolingo comprises 0.9% of Franchise Capital Ltd's portfolio, making the stock its 7th biggest holding. Franchise Capital Ltd's holdings in Duolingo were worth $1,598,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Duolingo during the fourth quarter worth about $1,994,000. Taika Capital LP bought a new position in Duolingo during the fourth quarter worth about $2,697,000. BNP Paribas Financial Markets bought a new position in Duolingo during the fourth quarter worth about $9,708,000. Lecap Asset Management Ltd. bought a new position in Duolingo during the fourth quarter worth about $429,000. Finally, Redwood Investment Management LLC bought a new position in Duolingo during the fourth quarter worth about $1,429,000. Institutional investors own 91.59% of the company's stock.
Analyst Ratings Changes
DUOL has been the subject of a number of analyst reports. Barclays raised their price target on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" 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. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC lifted their target price on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Duolingo currently has a consensus rating of "Moderate Buy" and a consensus target price of $435.57.
Read Our Latest Research Report on DUOL
Insiders Place Their Bets
In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $35,708.40. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the sale, the insider now directly owns 118,805 shares of the company's stock, valued at $46,927,975. This represents a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,853 shares of company stock valued at $31,627,441. Company insiders own 15.67% of the company's stock.
Duolingo Price Performance
Shares of Duolingo stock traded up $4.52 during midday trading on Friday, reaching $517.91. The company had a trading volume of 1,135,329 shares, compared to its average volume of 709,763. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 283.01 and a beta of 0.88. The stock has a fifty day simple moving average of $411.34 and a 200 day simple moving average of $366.87. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company's quarterly revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.
About Duolingo
(
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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