Hancock Whitney Corp Takes $437,000 Position in Duolingo, Inc. (NASDAQ:DUOL)

Hancock Whitney Corp acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,347 shares of the company's stock, valued at approximately $437,000.

A number of other institutional investors also recently bought and sold shares of DUOL. Catalyst Capital Advisors LLC bought a new position in shares of Duolingo in the fourth quarter worth about $1,994,000. Taika Capital LP purchased a new position in shares of Duolingo in the fourth quarter worth $2,697,000. Lecap Asset Management Ltd. purchased a new position in shares of Duolingo in the fourth quarter worth $429,000. Diversified Trust Co purchased a new position in Duolingo during the fourth quarter valued at $784,000. Finally, Bleakley Financial Group LLC increased its holdings in Duolingo by 6.1% in the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company's stock valued at $323,000 after acquiring an additional 57 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Shares of DUOL stock traded up $4.35 during trading hours on Wednesday, hitting $389.48. The company's stock had a trading volume of 966,797 shares, compared to its average volume of 720,648. 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 50 day moving average of $324.01 and a 200 day moving average of $333.99. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The stock has a market cap of $17.62 billion, a PE ratio of 212.83 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price target on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Barclays increased their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. The Goldman Sachs Group upped their price objective on Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Finally, Morgan Stanley started coverage on shares of Duolingo in a research report on Wednesday, April 23rd. They set an "overweight" rating and a $435.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $376.15.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares of the company's stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock valued at $37,549,300 in the last three months. 18.30% of the stock is currently owned by company insiders.

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.