Ethic Inc. grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 102.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,403 shares of the company's stock after buying an additional 1,719 shares during the quarter. Ethic Inc.'s holdings in Duolingo were worth $1,114,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of DUOL. T. Rowe Price Investment Management Inc. grew its stake in shares of Duolingo by 548.8% during the fourth 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 last quarter. Invesco Ltd. grew its stake in shares of Duolingo by 24.1% during the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock valued at $418,073,000 after buying an additional 261,212 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after buying an additional 239,167 shares during the last quarter. Nuveen LLC bought a new position in Duolingo in the first quarter worth approximately $42,950,000. Finally, Voloridge Investment Management LLC grew its stake in Duolingo by 270.3% in the fourth quarter. Voloridge Investment Management LLC now owns 146,674 shares of the company's stock worth $47,556,000 after purchasing an additional 107,063 shares in the last quarter. Institutional investors own 91.59% of the company's stock.
Duolingo Stock Performance
DUOL stock traded down $13.65 during midday trading on Friday, reaching $331.87. The stock had a trading volume of 1,957,429 shares, compared to its average volume of 2,115,386. The stock has a market cap of $15.21 billion, a PE ratio of 136.57, a P/E/G ratio of 2.21 and a beta of 0.87. 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 fifty day simple moving average of $378.13 and a two-hundred day simple moving average of $390.97. Duolingo, Inc. has a 52-week low of $202.38 and a 52-week high of $544.93.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.36. The company had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm's quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.
Insider Activity at Duolingo
In other news, insider Robert Meese sold 1,444 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider directly owned 120,080 shares in the company, valued at $39,509,922.40. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 2,533 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the sale, the insider owned 122,112 shares in the company, valued at $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,056 shares of company stock worth $27,035,566 in the last three months. Company insiders own 15.67% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on DUOL. Evercore ISI increased 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. JPMorgan Chase & Co. increased 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. Argus began coverage on Duolingo in a research note on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price objective on the stock. UBS Group reissued an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Finally, Citizens Jmp dropped their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a research note on Monday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of "Moderate Buy" and a consensus target price of $451.35.
Check Out Our Latest Research Report on Duolingo
Duolingo Company 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.
Featured Stories

Before you consider Duolingo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duolingo wasn't on the list.
While Duolingo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report