Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 41,959.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 239,737 shares of the company's stock after acquiring an additional 239,167 shares during the period. GAMMA Investing LLC owned 0.53% of Duolingo worth $74,448,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Norges Bank bought a new stake in shares of Duolingo in the 4th quarter worth approximately $152,296,000. T. Rowe Price Investment Management Inc. lifted its stake in 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 purchasing an additional 398,259 shares during the last quarter. Invesco Ltd. boosted its holdings in Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after buying an additional 378,225 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Duolingo by 270.3% in the 4th quarter. Voloridge Investment Management LLC now owns 146,674 shares of the company's stock worth $47,556,000 after acquiring an additional 107,063 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Up 0.8%

DUOL stock traded up $4.20 during midday trading on Thursday, hitting $522.99. The stock had a trading volume of 739,259 shares, compared to its average volume of 708,593. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business has a 50-day moving average of $422.94 and a two-hundred day moving average of $371.04. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 285.79 and a beta of 1.00. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at $21,054.96. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,833 shares of company stock worth $29,006,319 in the last 90 days. 15.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group reiterated an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Morgan Stanley raised their price objective on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Evercore ISI lifted their price objective on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, DA Davidson increased their price target on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $441.29.

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.