Fuller & Thaler Asset Management Inc. Purchases 40,812 Shares of Duolingo, Inc. $DUOL

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Duolingo, Inc. by 23.5%, acquiring an additional 40,812 shares, bringing its total ownership to approximately 214,594 shares valued at $66.64 million.
• Insiders at Duolingo sold a combined 58,056 shares valued at about $23.59 million in the last quarter, decreasing their ownership by an average of 2.03%.
• Analysts have varying price targets for Duolingo, with the average target set at $451.35, and 14 analysts giving the stock a buy rating, indicating positive expectations for its performance.

Fuller & Thaler Asset Management Inc. boosted its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 23.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,594 shares of the company's stock after purchasing an additional 40,812 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.47% of Duolingo worth $66,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in shares of Duolingo in the first quarter valued at approximately $3,772,000. Encompass More Asset Management acquired a new position in Duolingo in the 1st quarter valued at approximately $762,000. TD Asset Management Inc raised its stake in shares of Duolingo by 12.7% during the first quarter. TD Asset Management Inc now owns 107,520 shares of the company's stock valued at $33,389,000 after acquiring an additional 12,138 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Duolingo during the first quarter worth $15,430,000. Finally, Ontario Teachers Pension Plan Board increased its holdings in Duolingo by 55.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 4,221 shares of the company's stock valued at $1,311,000 after purchasing an additional 1,501 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,282 shares of Duolingo stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $421,816.46. Following the sale, the general counsel owned 34,153 shares of the company's stock, valued at approximately $11,237,361.59. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,533 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the sale, the insider owned 122,112 shares in the company, valued at approximately $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,056 shares of company stock worth $27,035,566 over the last 90 days. Corporate insiders own 15.67% of the company's stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded down $13.65 during midday trading on Friday, reaching $331.87. The company's stock had a trading volume of 1,957,429 shares, compared to its average volume of 2,115,386. The stock has a market capitalization of $15.21 billion, a P/E ratio of 136.57, a PEG ratio of 2.30 and a beta of 0.87. 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 firm has a 50 day moving average price of $378.13 and a 200-day moving average price of $390.97. Duolingo, Inc. has a 12-month low of $202.38 and a 12-month high of $544.93.

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

Analyst Ratings Changes

A number of equities analysts recently commented on DUOL shares. UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Citizens Jmp decreased 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. Needham & Company LLC upped their target price on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, DA Davidson decreased their target price on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $451.35.

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.