Vanguard Group Inc. Has $1.10 Billion Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Vanguard Group Inc. decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,531,816 shares of the company's stock after selling 10,378 shares during the quarter. Vanguard Group Inc. owned approximately 7.81% of Duolingo worth $1,096,770,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Duolingo during the 1st quarter worth $25,000. Quarry LP boosted its holdings in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the period. Garde Capital Inc. bought a new stake in shares of Duolingo during the 1st quarter worth $31,000. Whittier Trust Co. bought a new stake in shares of Duolingo during the 1st quarter worth $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock worth $34,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DUOL shares. Scotiabank upped their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Citizens Jmp decreased their price objective on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating for the company in a report on Monday, July 28th. Evercore ISI upped their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. JMP Securities decreased their price objective on shares of Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a report on Monday, July 28th. Finally, UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $454.20.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $2.29 during midday trading on Thursday, reaching $330.22. 1,668,333 shares of the company's stock were exchanged, compared to its average volume of 1,014,125. The company's 50 day simple moving average is $399.54 and its two-hundred day simple moving average is $391.88. The firm has a market capitalization of $15.01 billion, a PE ratio of 135.89, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. Duolingo, Inc. has a 12 month low of $195.94 and a 12 month high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.36. The company had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm's revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the 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 completion of the sale, the insider owned 72 shares in the company, valued at $24,797.52. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 50,000 shares of company stock worth $20,939,300. Company insiders own 15.67% of the company's stock.

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.