Hsbc Holdings PLC Boosts Stock Holdings in Duolingo, Inc. $DUOL

Key Points

• Hsbc Holdings PLC increased its stake in Duolingo, Inc. by 39.0% in Q1, bringing its total holdings to 3,186 shares valued at $995,000.
• Duolingo reported a significant earnings performance with $0.91 EPS, surpassing expectations, and a 41.5% revenue increase year-over-year.
• Insiders have sold a total of 80,508 shares over the past 90 days, indicating potential changes in their confidence regarding the company's stock prospects.

Hsbc Holdings PLC raised its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,186 shares of the company's stock after buying an additional 894 shares during the period. Hsbc Holdings PLC's holdings in Duolingo were worth $995,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Duolingo by 24.1% in the 1st 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. Bank of New York Mellon Corp boosted its stake in Duolingo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock valued at $133,987,000 after acquiring an additional 1,506 shares during the last quarter. Northern Trust Corp boosted its stake in Duolingo by 18.6% in the fourth quarter. Northern Trust Corp now owns 296,457 shares of the company's stock valued at $96,120,000 after acquiring an additional 46,442 shares during the last quarter. GAMMA Investing LLC boosted its stake in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after acquiring an additional 239,167 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Duolingo by 23.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company's stock valued at $66,640,000 after acquiring an additional 40,812 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 2,533 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 transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares in the company, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 1,515 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the transaction, the general counsel owned 32,638 shares of the company's stock, valued at $10,488,547.68. The trade was a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,508 shares of company stock valued at $30,993,721 over the last ninety days. Company insiders own 18.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DUOL shares. DA Davidson dropped their target price on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Duolingo from a "buy" rating to a "hold" rating in a research note on Saturday. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 target price on the stock in a research note on Monday, August 18th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $451.35.

Duolingo Stock Down 2.6%

Shares of DUOL stock traded down $7.88 during midday trading on Tuesday, reaching $289.98. 1,460,919 shares of the stock were exchanged, compared to its average volume of 1,062,959. Duolingo, Inc. has a 1 year low of $202.44 and a 1 year high of $544.93. The company's 50 day moving average is $359.03 and its two-hundred day moving average is $387.02. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $13.29 billion, a PE ratio of 119.33, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business's revenue for the quarter was up 41.5% on a year-over-year basis. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

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.