Hancock Whitney Corp Has $781,000 Stake in Duolingo, Inc. $DUOL

Key Points

• Hancock Whitney Corp increased its investment in Duolingo, Inc. by 86.8%, now holding shares worth $781,000 after acquiring an additional 1,169 shares in the first quarter.
• Duolingo's recent quarterly earnings showed a profit of $0.91 per share, surpassing analysts' expectations of $0.55, with revenue increasing 41.5% year-over-year.
• The company has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $430.72 amidst varying ratings from multiple financial institutions.

Hancock Whitney Corp increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 86.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,516 shares of the company's stock after buying an additional 1,169 shares during the quarter. Hancock Whitney Corp's holdings in Duolingo were worth $781,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DUOL. T. Rowe Price Investment Management Inc. grew its holdings in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after buying an additional 520,069 shares in the last quarter. Invesco Ltd. raised its holdings in Duolingo by 24.1% during the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after acquiring an additional 261,212 shares in the last quarter. GAMMA Investing LLC raised its holdings in Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock worth $74,448,000 after acquiring an additional 239,167 shares in the last quarter. Nuveen LLC bought a new stake in Duolingo during the first quarter worth about $42,950,000. Finally, 1832 Asset Management L.P. raised its holdings in Duolingo by 746.9% during the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company's stock worth $42,606,000 after acquiring an additional 121,000 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Price Performance

NASDAQ:DUOL traded up $0.17 during trading hours on Friday, reaching $309.51. 1,026,734 shares of the company were exchanged, compared to its average volume of 1,115,610. The business has a 50 day moving average of $339.44 and a 200 day moving average of $379.97. The company has a market capitalization of $14.18 billion, a P/E ratio of 127.37, a P/E/G ratio of 1.91 and a beta of 0.85. Duolingo, Inc. has a 1-year low of $225.26 and a 1-year 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 issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company's revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,515 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total transaction of $486,860.40. Following the sale, the general counsel owned 32,638 shares of the company's stock, valued at $10,488,547.68. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.55, for a total value of $2,685,500.00. Following the sale, the insider directly owned 72 shares in the company, valued at approximately $19,335.60. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,508 shares of company stock worth $28,428,221. 15.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson lowered Duolingo from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $500.00 to $300.00 in a report on Thursday, September 4th. Citigroup initiated coverage on Duolingo in a report on Monday, August 18th. They set a "buy" rating and a $400.00 target price on the stock. Zacks Research upgraded Duolingo from a "hold" rating to a "strong-buy" rating in a research note on Monday. Barclays upped their price objective on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Argus initiated 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $420.63.

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.