Pallas Capital Advisors LLC Has $826,000 Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Pallas Capital Advisors LLC lifted its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 47.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,660 shares of the company's stock after acquiring an additional 858 shares during the quarter. Pallas Capital Advisors LLC's holdings in Duolingo were worth $826,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DUOL. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the fourth quarter valued at $31,000. Bleakley Financial Group LLC increased its holdings in Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock worth $323,000 after buying an additional 57 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Duolingo by 2.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company's stock valued at $744,000 after acquiring an additional 59 shares in the last quarter. Savant Capital LLC grew its position in Duolingo by 3.4% in the fourth quarter. Savant Capital LLC now owns 2,332 shares of the company's stock worth $756,000 after acquiring an additional 76 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Duolingo by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $3,404,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $525.10, for a total value of $5,251,000.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at $37,807.20. This represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,833 shares of company stock valued at $34,257,319. 15.67% of the stock is currently owned by company insiders.

Duolingo Price Performance

Shares of Duolingo stock traded down $3.00 during midday trading on Friday, reaching $478.48. The company had a trading volume of 550,515 shares, compared to its average volume of 717,646. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 261.47 and a beta of 1.00. The stock has a fifty day simple moving average of $448.57 and a 200 day simple moving average of $378.62. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business's revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DUOL. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley lifted their price objective on Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Piper Sandler set a $375.00 target price on Duolingo in a research note on Friday, May 2nd. Evercore ISI upped their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, UBS Group reissued an "overweight" rating on shares of Duolingo in a research report on Thursday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $441.29.

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.