Krane Funds Advisors LLC grew its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 99.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,672 shares of the company's stock after acquiring an additional 835 shares during the quarter. Krane Funds Advisors LLC's holdings in Duolingo were worth $519,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DUOL. Contravisory Investment Management Inc. purchased a new position in Duolingo in the 1st quarter worth approximately $25,000. Quarry LP boosted its stake in Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the last quarter. Garde Capital Inc. purchased a new stake in Duolingo in the 1st quarter valued at $31,000. Harvest Fund Management Co. Ltd increased its stake in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares during the last quarter. 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 worth $34,000 after acquiring an additional 84 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.
Duolingo Stock Down 1.5%
NASDAQ DUOL traded down $6.06 during trading on Wednesday, reaching $397.00. 637,421 shares of the company's stock were exchanged, compared to its average volume of 723,486. The company has a 50 day moving average price of $476.06 and a two-hundred day moving average price of $385.90. The stock has a market cap of $18.04 billion, a P/E ratio of 195.57, a price-to-earnings-growth ratio of 3.14 and a beta of 0.89. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68.
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 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 for the quarter, compared to analyst estimates of $223.15 million. The firm's quarterly revenue was up 37.6% compared to the same quarter last year. On average, equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Insider Activity at Duolingo
In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total value of $2,619,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Friday, June 20th. The stock was sold at an average price of $471.20, for a total value of $4,712,000.00. Following the transaction, the insider directly owned 72 shares of the company's stock, valued at approximately $33,926.40. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock worth $29,261,180 in the last quarter. Company insiders own 18.30% of the company's stock.
Wall Street Analysts Forecast Growth
DUOL has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Morgan Stanley raised their price target on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a report on Tuesday, March 18th. Scotiabank raised their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Finally, UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $443.53.
Read Our Latest Stock Report on Duolingo
About Duolingo
(
Free Report)
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.
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