Invesco Ltd. Increases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Invesco Ltd. has increased its position in Duolingo, Inc. by 24.1%, now owning approximately 2.96% of the company's shares valued at $418 million.
• Duolingo recently reported earnings of $0.91 per share, exceeding analysts' expectations of $0.55 and showing a 41.5% year-over-year revenue growth.
• Insider Severin Hacker sold 10,000 shares of Duolingo, resulting in a significant reduction of their position by almost 99.3%.

Invesco Ltd. boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,346,278 shares of the company's stock after purchasing an additional 261,212 shares during the quarter. Invesco Ltd. owned about 2.96% of Duolingo worth $418,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at about $25,000. Quarry LP raised its stake in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at about $31,000. Whittier Trust Co. purchased a new position in shares of Duolingo in the 1st quarter valued at about $33,000. Finally, Versant Capital Management Inc increased its stake in shares of Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after purchasing an additional 84 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DUOL. The Goldman Sachs Group lifted their price objective on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Citizens Jmp cut their price objective on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a research report on Monday, July 28th. Morgan Stanley set a $500.00 price objective on Duolingo and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Duolingo from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Needham & Company LLC lifted their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $454.20.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $24,797.52. This trade represents a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 50,000 shares of company stock valued at $20,939,300 in the last 90 days. Corporate insiders own 15.67% of the company's stock.

Duolingo Stock Performance

Duolingo stock traded up $2.09 during mid-day trading on Friday, reaching $331.97. The company had a trading volume of 487,559 shares, compared to its average volume of 1,012,354. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 52 week low of $198.33 and a 52 week high of $544.93. The company has a 50 day moving average of $395.68 and a 200-day moving average of $391.90. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 136.61, a PEG ratio of 2.19 and a beta of 0.87.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million during the quarter, compared to analysts' expectations of $240.84 million. During the same quarter in the previous year, the company earned $0.51 EPS. Duolingo's revenue was up 41.5% on a year-over-year basis. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.