Hsbc Holdings PLC Has $741,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Hsbc Holdings PLC lessened its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 82.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,292 shares of the company's stock after selling 11,005 shares during the quarter. Hsbc Holdings PLC's holdings in Duolingo were worth $741,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the period. Norges Bank acquired a new stake in Duolingo in the fourth quarter worth $152,296,000. Invesco Ltd. boosted its position in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Duolingo by 36.6% in the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock valued at $126,042,000 after buying an additional 104,114 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of Duolingo by 33.5% in the 4th quarter. Federated Hermes Inc. now owns 351,231 shares of the company's stock valued at $113,880,000 after buying an additional 88,218 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DUOL. Scotiabank increased their price target on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. DA Davidson boosted their price objective on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $426.29.

Insider Activity at Duolingo

In other news, Director Gillian Munson sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $310.00, for a total value of $1,550,000.00. Following the completion of the transaction, the director now directly owns 3,530 shares in the company, valued at approximately $1,094,300. The trade was a 58.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,868 shares of company stock worth $38,594,200. Company insiders own 18.30% of the company's stock.

Duolingo Stock Performance

Duolingo stock traded up $9.40 during trading hours on Friday, hitting $512.97. The company had a trading volume of 604,321 shares, compared to its average volume of 739,314. Duolingo, Inc. has a one year low of $145.05 and a one year high of $513.50. The firm has a market cap of $23.21 billion, a PE ratio of 280.31 and a beta of 0.88. The firm has a 50-day moving average of $338.60 and a 200 day moving average of $342.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted 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. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The business's quarterly revenue was up 37.6% compared to the same quarter last year. On average, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.