2,439 Shares in Duolingo, Inc. $DUOL Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in Duolingo, buying 2,439 shares valued at approximately $768,000.
• Institutional investors now hold 91.59% of Duolingo's stock, reflecting significant interest from various hedge funds during the first quarter.
• Analysts have set a consensus price target of $420.63 for Duolingo, with twelve rating it a Buy and one rating it a Sell.

United Services Automobile Association acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,439 shares of the company's stock, valued at approximately $768,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rise Advisors LLC boosted its position in Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the period. Contravisory Investment Management Inc. purchased a new stake in shares of Duolingo in the first quarter worth about $25,000. Summit Securities Group LLC purchased a new stake in shares of Duolingo in the first quarter worth about $28,000. Brooklyn Investment Group grew its stake in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company's stock valued at $30,000 after buying an additional 95 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Duolingo during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Performance

NASDAQ:DUOL traded down $1.43 during trading hours on Friday, reaching $307.91. 2,171,951 shares of the stock were exchanged, compared to its average volume of 1,837,668. The stock has a market capitalization of $14.11 billion, a P/E ratio of 126.71, a P/E/G ratio of 2.06 and a beta of 0.85. The firm has a 50 day simple moving average of $337.69 and a 200-day simple moving average of $379.44. 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 $225.26 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $240.84 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm's revenue was up 41.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DUOL. Baird R W raised shares of Duolingo to a "hold" rating in a research report on Friday, September 5th. DA Davidson downgraded shares of Duolingo from a "buy" rating to a "neutral" rating and decreased their target price for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Wells Fargo & Company initiated coverage on shares of Duolingo in a report on Monday, September 8th. They issued an "underweight" rating and a $239.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Zacks Research raised Duolingo from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus target price of $420.63.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 2,533 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the sale, the insider owned 122,112 shares of the company's stock, valued at $40,178,511.36. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.55, for a total transaction of $2,685,500.00. Following the transaction, the insider directly owned 72 shares of the company's stock, valued at $19,335.60. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock valued at $28,428,221 over the last three months. 15.67% of the stock is currently owned by company 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.