Ontario Teachers Pension Plan Board Acquires 1,501 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Key Points

• Ontario Teachers Pension Plan Board increased its holdings in Duolingo, Inc. by 55.2%, acquiring an additional 1,501 shares during the first quarter, bringing its total holdings to 4,221 shares valued at $1,311,000.
• Duolingo's stock is currently down 5.2%, with a recent trading price of $370.34, despite a strong revenue report showing a 41.5% year-over-year increase.
• Insider Severin Hacker sold 10,000 shares of Duolingo stock in August for over $3.4 million, significantly reducing their position in the company.

Ontario Teachers Pension Plan Board raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 55.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,221 shares of the company's stock after buying an additional 1,501 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Duolingo were worth $1,311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DUOL. LPL Financial LLC increased its stake in shares of Duolingo by 73.3% in the 4th quarter. LPL Financial LLC now owns 4,198 shares of the company's stock worth $1,361,000 after acquiring an additional 1,776 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Duolingo during the fourth quarter valued at approximately $212,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Duolingo by 75.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,248 shares of the company's stock valued at $405,000 after purchasing an additional 536 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Duolingo by 52.7% during the fourth quarter. Russell Investments Group Ltd. now owns 30,036 shares of the company's stock valued at $9,748,000 after purchasing an additional 10,366 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Duolingo by 3.5% in the 4th quarter. Legal & General Group Plc now owns 63,119 shares of the company's stock worth $20,465,000 after purchasing an additional 2,152 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DUOL. The Goldman Sachs Group raised their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Citizens Jmp lowered their price target on Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a research report on Monday, July 28th. DA Davidson reduced their price objective on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Duolingo from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Evercore ISI raised their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $454.20.

Duolingo Stock Performance

Duolingo stock traded down $17.66 during trading on Tuesday, reaching $322.93. The company had a trading volume of 2,611,864 shares, compared to its average volume of 1,001,002. The firm has a market capitalization of $14.68 billion, a price-to-earnings ratio of 132.89, a price-to-earnings-growth ratio of 2.47 and a beta of 0.87. 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's 50-day simple moving average is $407.17 and its 200 day simple moving average is $392.81. Duolingo, Inc. has a 52 week low of $185.10 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. The business 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 business's revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the sale, the insider directly owned 72 shares in the company, valued at approximately $24,797.52. This represents a 99.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 50,000 shares of company stock worth $20,939,300. 18.30% of the stock is owned by corporate insiders.

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.