KBC Group NV Decreases Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

KBC Group NV reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 71.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523 shares of the company's stock after selling 3,835 shares during the quarter. KBC Group NV's holdings in Duolingo were worth $473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUOL. FMR LLC boosted its holdings in shares of Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Norges Bank purchased a new stake in shares of Duolingo during the fourth quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Duolingo by 548.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares during the period. Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 378,225 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 239,167 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at $33,926.40. The trade was a 99.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,000 shares of company stock worth $26,336,880. Insiders own 18.30% of the company's stock.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Barclays increased their target price on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. DA Davidson dropped their target price on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Finally, Piper Sandler set a $375.00 target price on shares of Duolingo in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and a consensus target price of $441.20.

Duolingo Stock Down 1.8%

Shares of DUOL stock traded down $7.00 during trading hours on Tuesday, hitting $389.45. 1,445,062 shares of the company's stock traded hands, compared to its average volume of 730,804. The stock's fifty day simple moving average is $477.61 and its two-hundred day simple moving average is $387.71. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 191.85, a PEG ratio of 3.04 and a beta of 0.89. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The firm had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. The firm's revenue was up 37.6% compared to the same quarter last year. On average, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

About Duolingo

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.